Parkson Retail’s net profit falls 4.3% in FY2024

The company’s revenue also decreased YoY by 3.1% to $214.8m.

Parkson Retail’s net profit attributable to owners of the company decreased by 4.3% year-on-year to $24.1m during the financial year 2024.

The company’s revenue also decreased YoY by 3.1% to $214.8m with its direct sales segment logging the highest decline of 9%.

The group also recorded a lower profit before tax for the current year of $35.4m compared with $40.8m in the previous year, mainly due to lower sales.

The group notes that loss from discontinued operations decreased by 100% for the reporting period due to the deconsolidation of certain Vietnamese subsidiaries.

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