KUALA LUMPUR, Aug 24 — Parkson Holdings Bhd suffered a pre-tax loss of RM87.51 million for financial year ended June 30, 2016 compared to a pre-tax profit of RM56.42 million a year ago.
The revenue, however, rose to RM3.88 billion from RM3.74 billion previously, mainly due to the five per cent growth of its retailing division to RM3.81 million, it said in a filing to Bursa Malaysia today.
Parkson said the group’s retailing operations in South-East Asia were expected to remain challenging.
“Consumer sentiment in Malaysia is likely to remain subdued amid uncertain economic conditions while the growing aspirations of the middle class and young demographic in Indonesia could deliver encouraging results to the group,” it said.
On prospect, it said, the group would continue to execute its strategies to achieve its vision of transforming into a lifestyle concept retailer.
“We will also continue to roll out various initiatives which include, among others, fostering close business partnerships with leading sector players; enriching products and services offerings; and, enhancing cross platform experience for the customers,” it said. — Bernama
