kelvinyang
2022-12-16

$百盛零售亚洲(O9E.SI)$ Parkson Retail Asia Ltd (SGX: O9E)

Parkson Retail Asia (PRA) is a department store retailer with a network of 39 department stores across cities in Malaysia and Vietnam as of 30 September 2022.

Shares of the retailer have soared more than eight-fold year to date to close at S$0.084.

The group posted a strong rebound for the first nine months of 2022 (9M2022).

Revenue surged 97% year on year to S$165 million while total expenses declined by 13.3% year on year to S$139.7 million.

As a result, PRA posted a net profit of S$22.1 million for 9M2022, a sharp reversal from the S$1.7 million loss in the same period last year.

What’s more, free cash flow for 9M2022 also surged by 93.4% year on year from S$26.8 million to S$51.8 million.


Very impressed 

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
24