Parkson Retail Asia Limited Provides Earnings Guidance for the Third Quarter Ended 31 March 2016
May 06, 2016 at 03:35 pm IST
Parkson Retail Asia Limited provided earnings guidance for the third quarter ended 31 March 2016. For the period, the Group expects loss as compared with a profit for the corresponding quarter in the financial year ended 30 June 2015. This is primarily due to weak discretionary spending across the group's major markets, leading to overall reduced sales during third quarter of fiscal year 2016.