AEON more than doubles its profit for FY21


Showing improvement: People shopping at an AEON outlet. In view of the company’s performance, the board has announce a final dividend of three sen per share for FY21.

KUALA LUMPUR: Aeon Co (M) Bhd has more than doubles its profit after tax (PAT) to RM85.3mil for the financial year ended Dec 31, 2021 (FY21) from RM41.4mil in the preceding year, driven by better margins from improved purchasing strategies and enhanced negotiations coupled with a disciplined cost management.

The fourth quarter of 2021 (Q4’21) recorded a 161.4% jump in net profit to RM71mil compared with the same quarter in FY20.

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