On August 26, Parkson Group (03368.HK) announced that the total operating income for the six months ending June 30, 2024 was RMB 1.945 billion, a decrease of 12.3% year-on-year. The same-store sales during the period decreased by 13.3%. The total amount of sales proceeds (including value-added tax) during the period was RMB 4.693 billion, a decrease of 12.5% year-on-year. The operating profit during the period was RMB 0.194 billion, a decrease of RMB 71 million compared to the same period last year. The company's attributable loss during the period was RMB 18.6 million, while it recorded attributable profit to owners of the company of RMB 63.1 million in the same period last year. An interim dividend of RMB 0.02 per share has been declared.
Looking back on the period, the group recorded a total amount of sales proceeds of RMB 4.693 billion (including value-added tax), a decrease of 12.5% compared to the same period last year. This decrease is mainly due to the lower-than-expected economic recovery, which has resulted in consumer downgrading and increased consumer caution in spending.
