Aeon Malaysia share price jumps 6.52% on higher Q1 earnings

May 28, 2018Updated May 24, 20251 min read

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.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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