Written by Financial Daily
Friday, 14 August 2009 12:06
KUALA LUMPUR: Aeon Co (M) Bhd net profit for the second quarter ended June 30, 2009, rose to RM19.4 million from RM18.88 million a year ago. The retail chain attributed the better profits to the opening of new stores at the end of last year and overall better performance from existing stores.
Its revenue for the quarter rose 13.3% to RM848.45 million from RM748.73 million a year ago. Earnings per share were 5.53 sen while net asset per share was RM2.55.
In its result announcement to Bursa Malaysia, Aeon said its revenue for the second quarter (2Q) was slightly lower than the first quarter mainly due to the festive seasons in 1Q09. It recorded revenue RM931.67 million in 1Q09.
On its prospects for the current financial year, Aeon said that although there were signs of recovery, the domestic economy remained uncertain, affecting consumer spending. “However, the company has taken appropriate measures to mitigate the impact,” it said.
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