SINGAPORE (Feb 21): Department store operator Parkson Retail Asia announced that its earnings from continued operations increased by 88.1% to S$28.8 million (RM95.38 million) for the financial year ended Dec 31, 2022 (FY2022), from S$15.3 million a year ago.

This came on the back of a 67.5% year-on-year (y-o-y) growth in revenue to S233.2 million, from S$139.2 million a year ago.

Growth in revenue was seen across all segments, led by sales of goods (direct sales) with a 60% y-o-y increase to S$101.1 million, and commissions from concessionaire sales gaining 73.5% y-o-y to S$127.4 million...(click here for full story on theedgesingapore.com).