KUALA LUMPUR: Aeon Co (M) Bhd's net profit surged more than threefold to RM47.28 million in the second quarter (Q2) ended June 30, 2022 from the RM10.94 million recorded in the same quarter last year.
In a statement today, the company said the improvement in net profit was mainly attributed to improved sales and disciplined cost management.
Revenue in the same quarter increased 25.3 per cent to RM1.09 billion from RM874.2 million, driven by economic re-opening coupled with the opening of national borders.
Managing director Keiji Ono said the company will continue to concentrate its efforts on delivering the best services and the right products to customers.
"Guided by our 'Customer First' philosophy, we strive to surpass customer expectations and to enhance their experience every time they visit our stores.
"Committed to delivering a better shopping experience to our customers, Aeon continues to accelerate in its digitalisation journey by continuing to evolve our digital shift especially to create Aeon Living Zone to integrate both online and offline shopping engagement experiences.
"We also continue to aim the advancement of our offering related to health and wellness, as well as to deepen our customer engagement and experience via the AEON loyalty program and iAeon app," he said.
For the six-month period, Aeon's net profit more than doubled to RM75.35 million from RM32.98 million, while revenue grew 11.1 per cent to RM2.09 billion from RM1.89 billion.
Ono said the company will continue to leverage its ecosystem, especially in partnering and collaborating with its tenant partners, suppliers and Aeon group of companies in Malaysia to unlock further the value from customer demand, and customer experience and to mitigate the supply chain risk.
"We are very grateful for the continuous support from our customers and will continue with the positive momentum and strive for greater financial returns in ensuring the benefit to our stakeholders, employees, customers, partners, shareholders and investors," he said.