Post-Covid pent-up demand led to a surge in revenue for AEON in corresponding period last year.
AEON Co’s retail business recorded revenue of RM864 million in Q2 FY2023, 7.9% lower than the RM938.3 million a year earlier that was driven by pent-up demand in the transition to the pandemic’s endemic phase.
The revenue declined 5.7% to RM1.03 billion in Q2 compared to RM1.1 billion previously, the department store and supermarket operator said in a filing with Bursa Malaysia. “However, revenue from the property management services segment, at RM169 million, was 7.5% higher compared to corresponding quarter’s RM157.2 million on improvement in occupancy rates,” it said.
“This momentum was also driven by the special Employees Provident Fund withdrawal in April last year that prompted customers to accelerate their purchasing decisions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bodies of two missing anglers found after 36-hour search in LabuanKOTA KINABALU: The bodies of two anglers have been recovered some 36 hours after they went missing while fishing in Labuan.
Read more »
North Korea abruptly cancels first post-Covid international commercial flightBEIJING, Aug 21 — North Korea’s national airline was set to make its first commercial flight in over three years today, only for it to be abruptly cancelled at the last...
Read more »
N. Korea abruptly cancels first post-Covid commercial flightThe flight was cancelled almost two hours after its scheduled arrival.
Read more »
N.Korea abruptly cancels first post-Covid intl commercial flightBEIJING: North Korea’s national airline was set to make its first commercial flight in over three years on Monday, only for it to be abruptly cancelle...
Read more »
North Korea abruptly cancels first post-Covid international commercial flightBEIJING: North Korea’s national airline was set to make its first commercial flight in over three years today, only for it to be abruptly cancelled at the last minute.
Read more »
State polls: Umno to compile post-mortem findings on poor performanceBANGI: Umno will gather all its post-mortem findings on the party's poor performance during the recent state elections, says Datuk Seri Mohamed Khaled Nordin.
Read more »