AEON Co (M) Bhd’s net profit fell 6.8% to RM49.88 mil in the fourth quarter ended Dec 31, 2019 (4QFY19) from RM53.54 mil a year ago despite higher revenue of RM1.17 bil versus RM1.11 bil.
The company’s full FY19 net profit increased to RM109.29 mil from RM105.12 mil mainly due to contributions from newly-renovated and newly-opened stores in April 2018 and January 2019 as well as newly-opened specialty stores this year.
In a Bursa Malaysia filing today, Aeon Co’s total revenue registered by the retail business segment for the financial year-to-date at RM3.83 bil was higher by 4.5% compared to RM3.67 bil recorded in the preceding year.
For 4QFY19, retail business revenue registered RM987.5 mil, which was higher by 5.8% compared to the previous quarter of RM933.6 mil. Revenue from the property management services segment recorded a growth of 3.2% at RM182.6 mil from RM176.9 mil a year ago.
It proposed a final dividend of 4 sen per ordinary share in respect of FY19. – Feb 24, 2020
