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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed