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KUALA LUMPUR: AEON Co. (M) Bhd
reported a drop in fourth-quarter earnings as sales suffered due to Covid-19 restrictions.
Net profit in the three months ended December 31 was RM27.2 thousand compared to RM49.9 thousand obtained a year ago.
Revenues fell about a fifth to RM917 thousand due to the reintroduction of CMCO as of October 14 in most states triggered by the increase in COVID-19 19 cases.
The retailer made a net profit of RM41.4 thousand, or 2.95 sen per share for the full year. You have declared a final dividend of 1.5 sen / share, or about 50% of your profits.
“We have recognized that the pandemic will continue to affect our business in at least 2021,” CEO and Managing Director Shafie Shamsuddin said today in a statement.
“We are currently providing more than 20,000 jobs within our ecosystem. Therefore, it is imperative to navigate the pandemic and use it as a catalyst to shift towards our redevelopment of skills and competencies so that we are agile towards New Retail,” he added.
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