Gross sales proceeds from continuing operations also saw a 66.0% increase to $597.4 million from $359.8 million a year ago. This was thanks to a 65.9% y-o-y increase in total merchandise sales to $592.7 million, largely due to higher sales attained by the Malaysia operation as a result of the recovery from the Covid-19 pandemic against some form of Covid-19 restrictions of the corresponding period.
Department store operator Parkson Retail Asia (SGX:O9E
) announced that its FY2022 ended Dec 31, 2022, earnings (from continued operations) have increased by 88.1% to $28.8 million from $15.3 million a year ago.
This came on the back of 67.5% y-o-y growth in revenue to $233.2 million from $139.2 million last year. Revenue saw growth across all segments, led by sales of goods (direct sales) seeing a 60% y-o-y increase to $101.1 million and commission from concessionaire sales gaining 73.5% y-o-y to $127.4 million.
