In line. Parkson’s 51.6% subsidiary, Parkson Retail Group (PRG)’s 1QCY12/10 core net profit of RMB310.1m (+19.9%) was within our and consensus expectations, accounting for 27% of our and consensus earnings forecasts. In 1Q10, PRG incurred a one-off employee shareoptions expense amounting to RMB40m, as PRG granted about 16m share options on 1 Mar 10.
Parkson Holdings Berhad : PRG 1QFY12/10 Results In Line - 19/5/2010
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