Parkson posts 2.8% rise in Q2 net

DEPARTMENT store operator Parkson Retail Asia has recorded a 2.8 per cent rise in second-quarter net profit despite a fall in revenue and other income, as a decline in expenses helped to prop up the bottom line.

The company said yesterday that net profit for the three months ended Dec 31, 2013, rose to $13.6 million from $13.2 million a year ago.

In earnings per share terms, the company made 2 cents per share, compared with 1.95 cents a year ago.