Parkson Retail Asia's Q2 profit drops 24.6% to S$10.2m
Add BT as a preferred source
Singapore
DEPARTMENT store operator Parkson Retail Asia reported a 24.6 per cent year-on-year slide in net profit to S$10.2 million for the second quarter ended Dec 31, 2014.
The bottom line was impacted by losses from new stores during their gestation period as well as closure costs from its Landmark-Keangnam store in Vietnam, among other things.
TRENDING NOW
A ‘shadow bank’ hiding in Singapore’s Little India casts light on financial services gap
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Can Seatrium build on its robust H1 earnings? UOBKH and DBS analysts have divided views
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
