Aeon Malaysia share price jumps 6.52% on higher Q1 earnings
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Aeon Co (M) Bhd rose as much as 6.52% in early trade to RM2.45 after reporting a 6.63% jump in net profit for the first quarter ended March 31, 2018.
At 11.23am, the stock was trading at RM2.42 with 941,700 shares done.
Aeon’s net profit for the first quarter stood at RM27.94 million compared with RM26.20 million recorded a year ago.
Revenue for the period grew to RM1.11 billion from RM1.07 billion on the back of higher revenue from its retail and property management service businesses.
Questions & Answers
Q.What was Aeon Co (M) Bhd's net profit for the first quarter of 2018?
What was Aeon Co (M) Bhd's net profit for the first quarter of 2018?
Aeon Co (M) Bhd reported a net profit of RM27.94 million for the first quarter ended March 31, 2018. This represents a 6.63% increase compared to the RM26.20 million recorded in the same period a year earlier.
Q.What contributed to the increase in Aeon's revenue during this period?
What contributed to the increase in Aeon's revenue during this period?
Revenue for the period grew to RM1.11 billion, up from RM1.07 billion. This increase was primarily driven by higher revenue generated from both its retail operations and property management service businesses.