Parkson Group (03368.HK) narrowed its attributable net loss to RMB42.9 million in the first three quarters

On November 18, 2021, Parkson Group (03368.HK) announced its third quarter results, with total operating income for the third quarter of 2021 falling by 10.0% from the same period last year to RMB1,041.7 million and total operating income in the first three quarters of 2021 rising by 13.0% from the same period last year to RMB3,527.7 million. Loss attributable to owners of the parent company for the first three quarters of 2021 was RMB42.9 million, compared to a loss of RMB204.8 million in the same period last year. The Group's financial indicators for the first three quarters improved compared to the same period last year, due to the reduction in the impact of the COVID19 pandemic. However, the business environment remains volatile as sales in the third quarter of 2021 decreased compared to the previous quarter. Same-store sales fell 11.3% in the third quarter of 2021, compared to 12.3% in the first three quarters.

This article originated from Grand Gateway