Financial News
Written by: Lin Leqian
2020-08-27 17:28
Last update date: 2020-08-27 17:29AEON (0984), which operates AEON department store, announced its first-half results. The loss attributable to shareholders was 72.03 million yuan, which was significantly narrower than last year's 149 million yuan. It paid an interim dividend of 5 cents, a 77% year-on-year decrease.
Revenue for the period was 5.158 billion yuan, an increase of 6.8% year-on-year. Hong Kong business revenue rose 15.9% to 2.423 billion yuan, and mainland revenue rose 0.07% to 2.734 billion yuan. The loss of the Hong Kong segment decreased from 89 million yuan last year to 66.56 million yuan. The mainland segment turned from loss to profit, with a profit of 2.069 million yuan.
The company expects that the economy and consumer sentiment in China and Hong Kong will continue to be weak, and plans to speed up the opening of Living Plaza branches in the third quarter. The goal is to open 15 stores this year. It will also strengthen online sales, further develop online platforms, and provide product reservation services. There are delivery services such as bento and sushi.
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Aeon Interim Results
