KUALA LUMPUR: Aeon Co
Bhd’s earnings for the first quarter ended March 31, 2014 dropped 8.3% year-on-year to RM46.9mil from RM51.1mil despite revenue improving 8.8% to RM945.5mil from RM869.3mil.
According to AEON, earnings were lower despite improved revenue because of higher utilities and promotion expenses, as well as initial costs associated with new stores opening.
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