[PARKSON HOLDINGS BHD，看到机会和积极迹象]
For the 9 months ended 31 March 2018, the Group's Retailing Division registered a 2% growth in revenue to RM3,002 million and turned profitable with an operating profit of RM26 million. Performance of their retailing operations in each location were as follows:
Parkson Malaysia delivered a positive same store sale ("SSS") growth of 5% for the current quarter on account of improved consumer sentiment and impressive sales performance of stores at popular tourist destinations; whilst reported a marginal negative SSS growth of 1% for the financial year-to-date largely due to the absence of festival buying following the shift in festive calendar. The operations, however, achieved a 6% revenue growth to RM773 million for the 9 months ended 31 March 2018 due to contribution of new retail stores. Parkson Malaysia has 44 stores as at 31 March 2018.
Parkson China, the key contributor of the Group's retailing operation, continued to register impressive performance. Transformation strategies focusing on diversified retail formats and brand enhancement have yielded good results as seen from the positive SSS growth of 2% with revenue increasing to RM2,046 million for the financial year-to-date. The higher revenue coupled with improved operating efficiencies have enabled Parkson China to report an operating profit of RM87 million against a loss of RM65 million a year ago. As at 31 March 2018, the Group has a network coverage of 48 stores in 30 cities in China.
Vietnam and Myanmar:
As at the reporting date, the Group has 6 stores in Vietnam and 1 store in Myanmar.
The Group owned and operated 15 stores as at 31 March 2018 in Indonesia following the closure of 2 stores in Jakarta during the financial year-to-date.
The Group's consumer financing business carried out under Parkson Credit remained strong with increasing revenue and profitability during the 9 months ended 31 March 2018.
For the final quarter of the financial year, the Group's retailing operations in Malaysia and Indonesia are anticipated to benefit from the festive shopping in June 2018, while other regions will experience lower traffic flow in their retail stores in the absence of major festivities. The Group see sample opportunities and positive signs ahead with the emergence of "new retail" in China. While the Group has yielded many encouraging returns from its new retail initiatives, the Group is committed to delivering its transformation strategies in close alignment with the evolving retail markets, and focusing on store network optimization and products offering enhancement. On the Southeast Asia front, the Group remains cautiously optimistic as the resilience of the Group's performance hinges on the extent of consumer sentiment recovery. The Group will continue to drive top line growth proactively whilst exercising prudence on operating costs and new investments.
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