Parkson's Q3 earnings fall 22.6% to $7.56m

PARKSON Retail Asia posted a net profit of $7.56 million for the third quarter ended March 31, 2014, down 22.6 per cent year on year, partly due to a poorer performance by its Malaysia and Vietnam operations.

Revenue edged down 1.7 per cent to $106.71 million, on the back of negative same-store sales growth in Vietnam and the weaker Indonesian rupiah.

Earnings per share were 1.12 cents, down from 1.44 cents.