Aeon Co. posts jump in 1Q net profit to RM28.07mil

KUALA LUMPUR: Aeon Co. (M) Bhd recorded a net profit of RM28.07mil in the first quarter ended March 31, 2022, a 27.38% improvement over RM22.03mil in the previous corresponding quarter on improved retail margin and higher impairment of trade receivables in the comparative quarter.

For the quarter under review, the retail and property group registered a total revenue of RM1bil, which was slightly lower compared to RM1.01bil in 1Q21.