Parkson Retail Asia narrows losses in Q4FY18
Retailer expects better performance after having closed underperforming stores, and growing topline in FY19
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Singapore
PARKSON Retail Asia expects its performance to improve in the coming financial year as it works on boosting topline growth and pulled out of underperforming stores and ventures in FY18.
The department store operator's net loss for the fourth quarter ended June 30, 2018 narrowed from S$41.71 million to S$18.58 million due to lower expenses.
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