Parkson earnings up to RM63.29mil in Q1

Tough time: Parkson says its retailing division posted an operating loss of RM25mil despite an 8 revenue growth due to weak consumer sentiment.

KUALA LUMPUR: Parkson Holdings Bhd made an operating loss of RM25mil in the first quarter of its new financial year, but a RM136.33mil gain from a partial disposal of a former subsidiary more than tripled its earnings.

Its earnings grew to RM63.29mil in the quarter ended Sept 30 from RM20.21mil achieved a year earlier on a 10% higher revenue of RM933.39mil, the company said in its latest quarterly report to Bursa Malaysia.