Parkson Retail Asia: 4Q13 Net Profit Down 62.1% To S$3.4 - TopicsExpress

Parkson Retail Asia: 4Q13 Net Profit Down 62.1% To S$3.4 Million. 21 Aug 2013 17:27 Gross Sales Proceeds for FY2013 reached S$1.1 billion despite challenging operating environment this year. Indonesia continues to garner strong growth, registering Same-Store Sales Growth of 5.6% y-o-y. Gradual improvement of Vietnamese consumer sentiment to benefit performance of Vietnam operations. Expansion plans remain unhampered with 10 new stores planned for FY2014 across Malaysia, Vietnam, Indonesia and Cambodia. Proposing tax-exempt first and final dividend of 2.7 Singapore cents per ordinary share, representing a pay-out ratio of 48%... shareinvestor/news/news.html?source=regional_si_express&nid=67337

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