AEON Malaysia registers RM41.4mil net profit in FY20


KUALA LUMPUR: AEON Co. (M) Bhd reported a drop in fourth quarter earnings as sales suffered due to the Covid-19 restrictions.

Net profit in the three-month ended Dec 31 was RM27.2mil compared with RM49.9mil made a year ago.

Revenue fell by about a fifth to RM917mil due to the re-introduction of CMCO from Oct 14 in most states prompted by the surge of COVID-19 19 cases.

The retailer made a net profit of RM41.4mil, or 2.95 sen a share for the full year. It has declared a final dividend of 1.5 sen a share, or about 50% of its profits.

“We have acknowledged that the pandemic will continue to impact our business at least in 2021," CEO and managing director Shafie Shamsuddin said in a statement today.

"Currently we are providing more than 20,000 jobs within our ecosystem. Thus, it is imperative to navigate the pandemic and leverage it as a catalyst to change towards our re- development of skills and competencies so that we will be agile towards the New Retail," he added.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

AEON Malaysia

   

Next In Business News

CPO futures to see volatile trading next week, eyes on MPOB data
Pfizer, BioNTech seek US emergency nod for COVID-19 vaccine in adolescents
Eyes on next generation as Singapore succession is thrown into question
Oil price falls, ends week about 2% lower on supply increase, new lockdowns
BlackRock, Mustier's blank-check firm eye Credit Suisse fund management arm
GLOBAL MARKETS-S&P 500, Dow scale new heights, Treasury yields rise on strong inflation data
Mah Sing: Extend HOC until year-end
Kerjaya Prospek wins RM154mil construction job
MCMC expects DNB to open 5G tender soon
Ramsay Sime Darby Health Care acquires Manipal Hospitals

Stories You'll Enjoy


Vouchers