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Parkson Holdings fiscal Q2 profit falls YOY

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MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023

Parkson Holdings fiscal Q2 profit falls YOY

Parkson Holdings Berhad said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, was 4.6 million ringgits, a decline of 90.6% from 48.7 million ringgits in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to 0.5% from 4.5% in the year-earlier period.

Total revenue grew year over year to 1.12 billion ringgits from 1.07 billion ringgits, and total operating expenses increased 13.4% year over year to 1.14 billion ringgits from 1.01 billion ringgits.

Reported net income totaled a loss of 31.4 million ringgits, or a loss of 3 sen per share, compared to income of 110.7 million ringgits, or 10 sen per share, in the year-earlier period.

As of Feb. 24, US$1 was equivalent to 4.24 ringgits.