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What is Parkson Holdings 2010 Financial Overview about?

In line. Parkson’s 9MFY06/10 core net profit of RM238.8m (+14.9%) was in line with our and consensus expectations, accounting for 79% and 78% of our and consensus full year forecasts respectively. In 9M10, Parkson recorded a RM20m one-off share option expense for PRG. The higher core net profit was attributable to: 1) 4.8% yoy revenue growth arising from SSS growth, inclusion of full year contribution from new stores as well as inclusion of new stores opened in 9M10 (China: Lanzhou, Changsu and Shijiazhuan

Author

Rhb Invest

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EN