PETALING JAYA: Parkson Holdings Bhd
has recorded a net loss of RM6.22mil for the third quarter ended Sept 30, 2025 on the back of a lower revenue of RM560.73mil.
In comparison to the same quarter last year, the department store chain posted a net profit of RM7.27mil and a revenue of RM584.94mil.
In a filing to Bursa Malaysia, Parkson said the decrease was mainly due to lower revenue from its retailing segment in Malaysia which was recorded at RM9.17mil.
“The decline was mainly attributable to cautious and selective consumer spending, affected by inflationary pressures, rising cost of living and ongoing economic uncertainties,” the group said.
The overall sales performance of the group was weighed down by weaker sales in China, mainly due to lower shopper traffic in the absence of major festivities and continued soft consumer sentiment.
The group explained that in its immediate preceding quarter, the profits were higher because it included a one-off income of RM37mil arising from a lease modification.
Meanwhile, on its outlook, Parkson said it believes the year-end festivities and holiday seasons will drive higher shopper traffic across its retailing stores and deliver an encouraging operating performance.
“The group remains focused on implementing strategies to enhance sales productivity and strengthen gross margins, while continuing its efforts to rationalise operations and exercise prudent cost control, in line with its commitment to improving overall performance,” it said.
The group did not declare any dividend for the quarter under review and posted a loss per share of RM0.54.
