Parkson’s earnings per share for the FY2023 came in at 3.91 cents per share, lower than the recorded 4.27 cents per share for the FY2022.
Department store operator Parkson Retail Asia (SGX:O9E
) has reported a lower net profit of $26.3 million for the FY2023 ended Dec 31, 2023, a 8.5% y-o-y decline from the same period a year before.
The group recorded a lower profit before tax for the full year, at $37.6 million compared with $43.7 million of the corresponding year, mainly due to the fewer store count in 2023, as well as the weakened spending power of consumers compared to 2022.
