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Aeon Reports 25.6% Drop In Net Profit

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Aeon Co (OTC: AONNY) reported a decline in its net profit for the first nine months of its fiscal year.

Aeon's net profit for the period dropped 25.6% to Y36.54 billion, versus Y49.1 billion, in the year-ago period. Its revenue rose to Y3.75 trillion from Y3.73 trillion. Aeon's operating profit surged 9.1% to Y101.82 billion from Y93.4 billion.

For the full fiscal year ending February, Aeon continues to expect a net profit of between Y63 billion and Y68 billion, versus Y59.7 billion, in the year-ago period.

Aeon's shares closed at $13.74 yesterday.

 

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