Aeon profit rises 18 pct to RM68.1mil in Q1
KUALA LUMPUR: Aeon Co (M) Bhd's net profit for the first quarter (1Q) of 2025 rose 18 per cent to RM68.10 million from RM57.39 million a year earlier, supported by seasonal spending uplift from the double festive celebrations within the quarter.
Revenue increased by 6.6 per cent to RM1.24 billion from RM1.17 billion previously, with its retail business and property management services segments recording revenue growth.
Aeon said its retail business segment achieved 6.1 per cent higher revenue of RM1.04 billion in the quarter under review, contributed by stronger consumer spending during the double festive periods.
Its property management services segment reported a revenue growth of 9.4 per cent to RM204.4 million, supported by improved occupancy rate, effective tenancy renewals, and higher sales commissions driven by buoyant tenants' sales performance during festive periods.
Managing director Naoya Okada said the retail industry is expected to proactively adapt to rising business costs throughout the year, while continuing to meet evolving consumer expectations and support resilient household spending.
"Aeon remains focused on enhancing operational efficiency, expanding its private brand offerings, accelerating digital transformation, optimising tenant mix, strengthening its loyalty programme, as well as elevating the overall value of its retail spaces to attract greater foot traffic," he said.
Looking ahead, Aeon said it will continue to deepen customer engagement, capitalise on emerging opportunities, and reinforce the foundations of its core businesses to deliver sustainable value for its customers, business partners, and shareholders, while remaining steadfast in its role to serve communities across Malaysia.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
a day ago
- The Star
Gadang bags RM92.5mil contract to widen KL-Karak Highway
KUALA LUMPUR: Gadang Holdings Bhd 's wholly owned subsidiary, Gadang Engineering (M) Sdn Bhd, has secured a RM92.5mil contract to widen the Kuala Lumpur-Karak Highway. In a filing with Bursa Malaysia, Gadang said it had accepted a letter of award from AFA Construction and Engineering Sdn Bhd to undertake earthworks and associated works for Package 2A of the Kuala Lumpur–Karak Highway widening project from KM39.00 to KM61.50. The contract is for 18 months and is scheduled for completion in the fourth quarter of 2026. 'The contract is expected to contribute positively to the earnings of the group, during the contract period,' Gadang said.
New Straits Times
2 days ago
- New Straits Times
Nestle Malaysia rolls out maiden state-level Halal@School initiative in Melaka
KUALA LUMPUR: Nestlé (M) Bhd has launched the first state-level rollout of its Halal@School programme in Melaka to promote greater understanding of halal values and healthy eating among young Malaysians. Held at Sekolah Kebangsaan Kerubong, the event gathered over 500 students from six participating schools for a series of engaging, hands-on activities focused on halal principles, food safety and balanced nutrition. Designed to make learning fun and accessible, the programme featured sharing sessions, quizzes and a specially curated Halal Explore Race, all aimed at helping students understand halal as a way of life rooted in integrity, well-being and respect for others. Launched in 2018 in partnership with the Institute of Fatwa and Halal (iFFAH) at Universiti Sains Islam Malaysia (USIM), Halal @ School is part of Nestlé Malaysia's broader commitment to uplifting local communities and spreading nutritional knowledge. Nestlé Malaysia head of halal affairs Nasrul Hadi Mohamed Nor said the programme engaged students in a practical, inclusive and meaningful way, fostering greater awareness of halal values while encouraging healthier lifestyle choices among the younger generation. "As Nestlé's global Halal Centre of Excellence, we see it as our responsibility to contribute not only through the high-quality products we produce, but also through meaningful engagement with the communities we serve," he said in a statement. The programme has steadily expanded, reaching more than 5,400 students across 166 schools nationwide since its inception. In 2024 alone, three Halal @ School series were held across 23 schools in Putrajaya, Johor and Kedah, engaging over 1,100 students. The expansion into Melaka represents the next chapter for the programme, as it scales beyond individual districts to a wider, state-level audience. Additional state-wide rollouts are planned for the East coast and Northern regions later in 2025. A hallmark of Halal@School this year is its inclusive approach, welcoming participation from both Muslim and non-Muslim students. By encouraging shared learning in a multicultural setting, the programme helps nurture understanding and empathy, while reinforcing core values of ethical consumption. SK Kerubong headmistress Rahayu Mohd Thith said the programme was met with great enthusiasm from the moment it was introduced, with many students eager to participate and parents expressing hopes for all their children to be involved. "Educating our students about halal practices and healthy eating goes far beyond religious understanding, it is about nurturing a way of life that supports physical well-being, mental clarity and moral values. "We believe that through this initiative, we are nurturing a generation of students who are not only smart and modern, but also responsible and mindful of what they consume," she said.
The Star
2 days ago
- The Star
India's TCS says none of its systems were compromised in M&S hack
FILE PHOTO: A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/File Photo BENGALURU (Reuters) -Tata Consultancy Services said none of its "systems or users were compromised" as part of the cyberattack that led to the theft of customer data at retailer Marks and Spencer, its client of more than a decade. "As no TCS systems or users were compromised, none of our other customers are impacted" independent director Keki Mistry told its annual shareholder meeting. "The purview of the investigation (of customer) does not include TCS," Mistry added. This is the first time India's No 1 IT services company has publicly commented on the cyber hack. M&S did not immediately respond to a request for comment. TCS is one of the technology services providers for the British retailer. In early 2023, TCS reportedly won a $1 billion contract for modernising M&S' legacy technology with respect to its supply chain and omni-channel sales while increasing its online sales. The "highly sophisticated and targeted" cyberattack which M&S disclosed in April will cost about 300 million pounds ($403 million) in lost operating profit, and disruption to online services is likely until July. Last month, Financial Times reported that TCS is internally investigating whether it was the gateway for a cyberattack. Mistry presided as the chairman at the company's annual shareholder meeting as Tata Group Chairman N Chandrasekaran skipped it due to "exigencies". The chairman's absence comes as the Group's airline Air India plane with 242 people on board crashed after take-off in Ahmedabad last week, killing all passengers except one. (Reporting by Sai Ishwarbharath B and Haripriya Suresh, Editing by Louise Heavens)
