KUALA LUMPUR: Aeon Co
. (M) Bhd more than doubled its profits in the third quarter ended Sept 30, as improved retail margin offset lower sales.
This saw its net profit increase by 123% to RM16.35mil in the third quarter ended Sept 30, 2020 from RM7.32mil
The results were "backed by the improvement in retail margin, change in marketing mechanics as well as the agility to adapt to the current cost structure," the company said in a statement on Wednesday.
Its earnings were also boosted by a change in marketing mechanics as well as agility to adapt to the current cost structure.
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