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Malaysia: Aeon posts higher profits

Aeon's pre-tax profit for the financial year ended December 31 2012 rose by eight per cent to RM 299.5 million (RM 1 = $0.32USD) compared with RM 277.3 million in the previous financial year.

Revenue rose by 9.1 per cent to RM 3.26 billion from RM 2.98 billion.

For the fourth quarter ended December 31 2012, the group’s pre-tax profit increased to RM 116.3 million from RM 99 million previously.

Revenue rose to RM 872.8 million from RM 827.3 million.

In a filing to Bursa Malaysia, the group said it expects its performance to improve in line with the growth of the economy in 2013.

Source: bttimes.com.my
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