Quarterly revenue was flat at RM1.05 billion in 2QFY17 compared with RM1.04 billion in 2QFY16. In a filing with Bursa Malaysia today, Parkson said included in the pre-tax profit of RM431.47 million in the current quarter were a gain on disposal of a subsidiary in China amounting to RM802.3 million and impairment losses on intangible assets and other receivables of RM313.2 million. For the six-month period ended Dec 31, 2016 (6MFY17), Parkson's net profit fell 68.29% to RM10.1 million or 0.95 sen per share from RM31.85 million or 2.92 sen per share in 6MFY16. Revenue for 6MFY17 fell 2.54% to RM1.92 billion from RM1.97 billion a year ago. Shares of Parkson closed unchanged at 70 sen today with 10.75 million shares traded, for a market capitalisation of RM741.71 million.

Source: The Edge Markets February 21, 2017 11:03 UTC