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Parkson Retail Asia's Q4 loss narrows

Revenue 10.9% higher and sharp 70.4% fall in "other expenses"

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The group has been consolidating department store space by identifying non-performing stores with the view to closing them when their tenancies expire.

Singapore

PARKSON Retail Asia Limited has posted a net loss of S$11.98 million for the fourth quarter ended June 30, a sharp improvement from the S$59.77 million loss a year ago.

The department store operator managed to narrow its losses in the fourth quarter as its revenue...

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