Wednesday, August 28, 2013

Parkson earnings down 63% in Q4

PETALING JAYA: Retailer Parkson Holdings Bhd recorded a net profit of RM30.16mil for the fourth quarter ended June 30, which is 63% lower than the RM81.70mil achieved a year ago, due to a seasonal lower performance in the absence of major festivities.

Revenue for the period under review was RM801.48mil, marginally higher than the RM799.56mil posted a year ago.

For the year, it achieved a revenue of RM3.5bil, 2.3% better than the RM3.42bil recorded in 2012.

The group told Bursa Malaysia that the financial year under review was a challenging year for its retail operations amidst the global macro economic uncertainties, resulting in weak consumer sentiments especially in the China and Vietnam retail markets.


“Same-store sales growth (SSSG) of both Parkson China and Parkson Vietnam were minus 1%. Our retail operations in Malaysia and Indonesia, on the other hand, managed to sustain their positive SSSG of 5% and 6% respectively,” it said.

It said the group’s retailing division completed the financial year with a revenue of RM3.47bil, a 2% growth from RM3.4bil posted a year ago, together with contribution from seven new stores – four in China and one each in Malaysia, Indonesia and Myanmar – that were opened during the financial year.

“The encouraging occupancy rate achieved by our KL Festival City shopping mall has enabled the property and investment holding division to report a full-year revenue of RM33mil compared with RM21mil for its eight months of operations in the previous financial year,” it added.

Separately, Parkson’s parent group Lion Corp Bhd posted a net profit of RM9.91mil in the fourth quarter of financial year 2013 compared with a net loss of RM235.27mil a year ago.

The better performance was contributed by the brief increase in steel demand following the implementation of measures by the Government in February 2013 prior to the steel market correction towards the end of the quarter under review.

Its revenue for the quarter came in 22% lower, from RM949.05mil last year to RM738.78mil.

For the full financial year, the group recorded an improved net loss of RM247.94mil from a net loss of RM461.21mil a year ago.

Revenue came in at RM2.6bil, 19.8% lower than the RM3.24bil in 2012, mainly attributed to the lower sales volume for flat-steel products in both the domestic and overseas markets for the larger part of the financial year under review.

The group told Bursa Malaysia that since the implementation of the new steel policy from Feb 1, the market had improved gradually up to May.

“However, the market situation deteriorated towards the end of June and competitive pressure has intensified. As a result, the operating environment is expected to remain challenging in the coming financial year in view of the uncertainties surrounding the recovery of the global economy, continued dumping activities by foreign exporters and the pressure of rising costs.

“The group will continue to work with the authorities to plug the loopholes and leakages to enable the local steel industry to grow and expand in an orderly manner.”


Source/Extract/Excerpts/来源/转贴/摘录: thestar.com.my/
Publish date: 28/08/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock