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Aeon parent company | 146 million government subsidies received Aeon’s loss last year reduced to 36.8 million

2021-03-25T09:49:28.066Z


AEON (0984), which operates AEON department store, announced last year's results. The loss attributable to shareholders was about 36.806 million yuan. In 2019, it lost about 189 million yuan; the basic loss per share was 14.16 sen; and the final dividend was 0.05 yuan per share. Period


Financial News

Written by: Kuang Yueting

2021-03-25 17:38

The last update date: 2021-03-25 17:38

AEON (0984), which operates AEON department store, announced last year's results. The loss attributable to shareholders was about 36.806 million yuan. In 2019, it lost about 189 million yuan; the basic loss per share was 14.16 sen; and the final dividend was 0.05 yuan per share.

Revenue for the period was 9.962 billion yuan, an increase of 4.93% year-on-year. Among them, Hong Kong business revenue increased by 15.5% to 4.894 billion yuan, and China business revenue fell 3.6% to 5.067 billion yuan.

Gross profit margin decreased by 1 hundred points to 28.9%; during the period, a total of 146 million yuan of government subsidies from the Hong Kong government and the municipal government in mainland China were received.

AEON believes that the new coronavirus epidemic will gradually subside in 2021.

As the number of people vaccinated increases, consumer sentiment in Hong Kong and China will recover.

The group will continue to focus on realizing the store opening plan this year. In Hong Kong, 4 large stores will undergo minor modification works, and the number of small specialty stores will continue to increase rapidly in 2021.

In China, the group plans to open six supermarkets this year, of which one has opened in January 2021 and the other one in March 2021.

In order to improve Hong Kong's online business, the Group launched cross-border online sales in January 2021 to provide customers in Mainland China with products imported from Japan.

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Source: hk1

All news articles on 2021-03-25

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