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Parkson Retail's profit up 13.2% in 2011

Apr. 17, 2012 (China Knowledge) – Parkson Retail Group Led<3368>, a Beijing-based department store chain controlled by Malaysia's Lion Group, announced its net profit attributed to shareholders reached RMB 1.12 billion, reflecting a year on year increase of 13.2%.

In a statement filed with Hong Kong Stock Exchange, the retailer saw its operation revenue for last year grow 12.29% year on year to RMB 4.94 billion.

Basic earnings per share were RMB 0.4, up 13.39$ than a year earlier. The Hong Kong-listed company proposed a second interim dividend of RMB 0.07 per share and a final dividend of RMB 0.11 per share, taking its total distribution for the year to RMB 0.18 per share.

The sales of fashion and apparels accounted for 47.8% of the total sales while the sales of cosmetic and accessories, groceries and perishables and household, electrical goods and others accounted for 41.5%, 6.6% and 4.1%, respectively.

Last year, Parkson opened six new stores and now it operates 52 stores, comprising 46 self-owned stores and 6 manage stores, sources reported.

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