AEON Malaysia managing director and CEO Shafie Shamsuddin (file pic) said taking into consideration of the pandemic-related disruptions, the group remained grateful for the continuous support from its customers, partners and suppliers, and the dedication displayed by its hard-working employees.
PETALING JAYA: Despite lower revenue, Aeon Co
(M) Bhd’s net profit jumped almost three-fold to RM22.03mil for the first quarter (Q1) ended March 31,2021, from RM7.47mil in the corresponding quarter last year.
In a statement, the supermarket chain said the higher earnings came on the back of the company’s agile, entrepreneurial and “genba” approach to respond to the Covid-19 pandemic, which resulted in improvements in merchandise gross margin, changes to marketing mechanics and sustainable cost reduction structures.
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