Parkson Retail shares down 17% on loss warning

Singapore

PARKSON Retail Asia plunged 17 per cent to S$0.191 on Monday, leading up to the release of its third-quarter results on May 12.

Last Friday, the department store operator said that the group will be reporting a loss for the quarter ended March 31, 2016 - a reversal from having made a profit for the corresponding quarter a year ago.