Parkson Retail Asia's earnings up 21.1% y-o-y to $14.7 mil due to higher sales
The group has declared a dividend of 4 cents per ordinary share.
Parkson Retail Asia has reported earnings of $14.7 million for 1QFY2025 ended March 31, 2025, up 21.1% y-o-y.
Earnings per share for the reporting period came in at 2.18 cents up from the 1.80 cents reported in the previous year.
The group's revenue for the reporting period came in 8.3% y-o-y higher at $67.2 million, and profit before tax came in higher at $19.9 million mainly due to higher sales during the period.
The group's net cash inflow from operating activities came in at $42.3 million for 1QFY2025. The group's cash and cash equivalents came in at $28.6 million, generally in line with the cash collections during the Hari Raya festive season.
The group has declared a dividend of 4 cents per ordinary share.
Shares in Parkson Retail Asia O9e closed flat 6.7 cents on May 14.
05 mil for 1QFY2025
Offshore support vessel provider Nam Cheong earnings up 20% y-o-y to RM31.1 mil for 1QFY2025
Geo Energy's earnings grew 63% to US$14.1 mil for 1QFY2025 due to improved coal access
Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World
Get in-depth insights from our expert contributors, and dive into financial and economic trends
Follow the market issue situation with our daily updates
Or want more Lifestyle and Passion stories? Click here
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Beef prices surge as barbecue season approaches
Canadians looking to grill some burgers and steaks as the summer barbecue season heats up may find themselves paying much more for beef, prompting one food expert to call for an investigation. Prices for striploin steak are 34.2 per cent higher since January, while top sirloin is up 33.7 per cent, according to Statistics Canada. Pork ribs and chicken breasts are each up 5.9 per cent during the same period. 'For many Canadian families, a summer steak on the grill is starting to feel more like a splurge than a staple,' Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University, said in a recent report. 'Consumers will continue to enjoy beef, but with moderation and on occasions that justify the cost.' He pointed to several factors behind the jump in beef prices, including transportation costs, the carbon tax, the number of licensed beef processors and labour costs. Canadian inventory is also an issue since it has fallen to 3.38 million head, the lowest level since 1989. 'Many cattle producers are exiting the industry while prices are favourable, opting to reinvest in less volatile sectors or shift entirely to crop production,' Charlebois said. 'In short, the Canadian beef industry is retreating and becoming increasingly risk-averse.' Canadians are already taking notice of the price hikes in the past few years. Per capita beef consumption fell 7.1 per cent in 2023 and another 2.1 per cent in 2024, according to IBISWorld data. 'This is no longer just a matter of shifting dietary preferences; it's a structural shift in consumer behaviour,' Charlebois said. 'Beef is increasingly seen as a luxury item, with ground beef becoming the primary choice for budget-conscious households still committed to red meat.' He also wonders if producers in Canada are taking advantage of the situation. In the United States, former president Joe Biden tried to crack down on anticompetitive practices in the food industry, specifically price fixing in the meat sector. In February, Brazilian meatpacking company JBS SA agreed to pay US$83.5 to settle claims that it worked with other companies to artificially inflate prices. Under the settlement, JBS must also work with U.S. investigators looking into similar claims at Tyson Foods Inc., Cargill Inc. and National Beef Packing Co. LLC. JBS has called the claims against it 'frivolous and without merit,' but is settling because it is in the company's best interest. 'The Canadian Competition Bureau, by contrast, has remained largely silent on similar concerns,' Charlebois said. 'Perhaps it's time for that to change.' Prices on thousands of grocery items to rise despite tariff break, says Loblaw Canada has lost its global agricultural trading edge, RBC report says The Competition Bureau said investigations are confidential, so it can not reveal information on current investigations. 'The bureau must conduct a thorough and complete examination of the facts regarding any issue before reaching any conclusion as to whether the Competition Act has been contravened,' a spokesperson for the agency said in a statement. 'If we find evidence of activities that could raise concerns under the law, we will take action.' • Email: bcousins@ Sign in to access your portfolio
Business Insider
3 hours ago
- Business Insider
I landed a remote job for a European company, and now I'd find it hard to go back to a US-based company — I feel spoiled by the perks
This as-told-to essay is based on a transcribed conversation with 34-year-old Meghan Gezo, from Michigan. The following has been edited for length and clarity. In 2022, I left my job working remotely in people operations for a US company. Juggling my job and raising my one-year-old wasn't working. I wanted to take a break while I looked for another opportunity that would allow me to have better work-life boundaries. After a few months of job hunting, I started as a people experience manager at Storyblok, a fully remote content management company based in Austria. I'd never worked for a company based in Europe before. Living in the US, most jobs that pop up are US-based. People have come to expect more work-life balance in Europe, as the employment laws differ from the US. For me, there have been perks related to my life as a parent, my working hours, and my professional growth. I was immediately drawn to the benefits of working for a European company I've been working in remote jobs for tech companies since 2016. I'd previously worked in an office, but thought a remote job meant I could focus on higher-impact work than the office administration that usually fell to HR, as well as branch out beyond the manufacturing and automotive industry jobs in my area. It was easier to find a remote job in 2022 than in 2016. I found the listing for Storyblok on a job board. The people I spoke with were genuine and direct. In the first interview, they talked about time off norms and said the standard workweek is 38.5 hours. They seemed to emphasize work-life balance and gave me concrete examples of how it worked at the company. I was optimistic I could be successful in the role while staying involved in my daughter's life. In the US, the norm on paper is a 40-hour workweek, but in practice, people often work until they finish their tasks, especially in tech. I used to work, feed my daughter, put her to bed, and then work some more. It felt normal. At my current company, you focus on work when you're at work and then log off until the next day. There have definitely been times when I've had to work extra hours, but overall, I'd say that my work-life balance is better. In the US, it can often feel that your work is your identity. My European colleagues take pride in their work and are extremely hard workers, but their job is one facet of their identity. Working for a European company has pushed me in new ways I've gained experience working with people from other cultures. Learning about Austrian law has also pushed me to expand my HR knowledge beyond US employment law. One thing I've noticed about the company culture is that when people are on vacation, they're on vacation. Meanwhile, it's more the norm in the US to answer messages on vacation. I've not completely broken this habit, but it has felt more attainable for me to delete work communication apps from my phone when I'm away. I've felt very supported in my role as a parent at my European company The Austrian norm of " care leave," which isn't a norm in the US, is a great part of working for a European company. Because I have kids under a certain age, I get to use two paid weeks off a year for days when my kids are sick and I need to take them to a doctor or take care of them. Having this bucket to pull from is a huge weight off my shoulders as a parent. My previous employers had generous parental leave policies. However, at Storyblok, I got slightly more time — 16 weeks. I went on maternity leave at a previous company with my firstborn and again at my current job in 2023. During my most recent maternity leave, people in the company treated it very seriously. I got a lot of support from my manager and team to help plan for my leave and assign my tasks to others. During my first maternity leave for a previous company, I didn't mind answering a few questions as needed to support my team, but at Storyblok, no one asked me work-related questions while I was away. There are some downsides While my working hours suit my season of life, there are days when I wish I could start later at 9 a.m. However, I don't think I'd be as effective without overlap with my European colleagues. Right now, I work 6:30 a.m. to 2:30 p.m. ET. Sometimes, if I have a question I want to ask colleagues in Europe during my afternoons, I'll know that I won't be getting an answer until the next day because of the time zone difference. I've learned to work these expectations into my regular workflow. It does make me sad that I don't live near my colleagues. I've built strong relationships with these people, but they're an ocean away. I'd find it hard to go back to a US-based company Working for a European company didn't occur to me as an option before I interviewed for this job. Having worked here for over two years, I feel spoiled by the benefits and perks of European working culture, and it would be hard for me to go back to working for a US-based company.
Yahoo
8 hours ago
- Yahoo
Diplomatic win for UK hosting US-China trade talks
Sky News understands that the Trump administration approached the UK government to ask if it would host round two of the US-China trade talks. This is a useful 'diplo-win' for the UK. The first round was held in Geneva last month. News of that happening came as a surprise. The Chinese and the Americans were in the midst of a Trump-instigated trade war. President Trump was en route to Saudi Arabia and suddenly we got word of talks in Switzerland. They went surprisingly well. US treasury secretary Scott Bessent and his Chinese counterpart He Lifeng, met face-to-face and agreed to suspend most tariffs for 90 days. But two weeks later, the Trump administration accused Beijing of breaking the agreements reached in Geneva. Beijing threw the blame back at Washington. On Wednesday, Donald Trump and Xi Jinping spoke by phone. The Chinese claimed this call was at the Americans' request. Either way, the consequence was that the talks were back on track. "I just concluded a very good phone call with President Xi of China, discussing some of the intricacies of our recently made, and agreed to, trade deal," President Trump said this week. From that call came the impetus for a second round of talks. A venue was needed. In stepped the UK at short notice. Beyond being geographically convenient, UK government sources suggest that Britain is geopolitically in the right place right now to act as this bridge and facilitator. The UK-China relationship is in the process of a "reset". Other locations, like Brussels or other EU capitals, would have been less workable. Crucially too, for the UK, this is also potentially advantageous as it seeks to get its own UK-US trade agreement, to eliminate or massively reduce tariffs, over the line. Talks on reaching the "implementation phase" have been near-continuous since the announcement last month, but having the American principals in London is a plus. Sideline talks are possible, but even the presence of the US team in the UK is helpful. Read more from Sky News:Man wrongly deported from US to El Salvador has been returned to face criminal chargesMore than 40 'narco-boat' drug smugglers arrested in major police sting For all the chaos that President Trump is causing with his tariffs, he has instigated face-to-face conversations as he seeks resets. Key players are sitting down around tables - yes, to untangle the trade knots which Trump tied, but this whole episode has pulled foes together around the same table; it has forced relationships and maybe mutual understanding. That's useful. And for this next round, between superpowers, the UK is the host. Also useful.
