KUALA LUMPUR: Aeon Co
(M) Bhd is focused on developing its Aeon Living Zone growth strategy as it accelerates its digital integration into existing business models.
The retailer said this will ensure customers enjoy a seamless shopping experience, which will help it stay ahead of the curve.
“It essentially places all our malls and stores on a shared platform, with our customers as the main focus.
"Towards this end, we will ensure that every initiative carried out does not only centre on business growth but also meet the needs of our customers and communities,” said managing director Keiji Ono in a statement.
For the financial year ended Dec 31, 2022, the group announced a net profit of RM111.23mil, which was 30.42% improved over RM85.29mil in the previous year.
The company posted an earnings per share of 7.92 sen, up from 6.07 sen in 2021.
Revenue was RM4.14bil, a 14.07% increase from RM3.63bil a year earlier.
The board of directors announced a final dividend of four sen per share for FY22, which is equivalent to RM56.2mil or 50% payout ratio, to be approved by shareholders.
In its segment breakdown, Aeon said its retail business recorded encouraging revenue of RM903.7mil in the fourth quarter of the year, which was 5.8% improved from the previous corresponding quarter due to the early festivities and year-end holiday spending.
The group's property management services segment registered a 14.6% year-on-year increase in revenue to RM158.1mil in 4QFY22, contributed by an improved occupancy rate.
“Our growth in revenue and profit is a direct result of the resumption of economic activities, coupled with higher spending during festivities.
"Despite the ongoing global inflationary pressures and supply chain challenges, we have managed to achieve pre-pandemic levels of profitability, which is a remarkable accomplishment," said Ono.
He added that Aeon remains committed to its sustainability initiatives and are proud of the progress made towards achieving its sustainability goals.
"We will continue to accelerate our sustainability initiatives with the installation of solar photovoltaic systems in our malls and implement waste management initiatives," he said.
