KUALA LUMPUR (Aug 24): Parkson Holdings Bhd has sold 5.57 million treasury shares in August for RM1.1 million.

In a bourse filing yesterday, the retailer said it sold the shares at between 19 sen and 21 sen from Aug 11 to 17. 

Following the sale, the group’s total treasury shares stood at 4.35 million.

Earlier, from June 8 to 22, the group sold 8.3 million treasury shares at between 20.5 sen and 22.5 sen to pocket RM1.79 million, while from April 2 to 21, it disposed of 8.5 million treasury shares at between 23.5 sen and 27.5 sen for a total of RM2.14 million.

The last time that the group bought back its shares was on Jan 23, 2017, when it bought back 155,000 shares at 63 sen per share or a total of RM98,401.

At 12.08pm today, the counter had slipped half a sen to 19 sen, valuing the group at RM213.31 million.

The stock had fallen 32.14% from its recent peak of 28 sen on April 5.

It climbed 211.11% to 28 sen on April 5 from nine sen in August 2020.

However, compared with its all-time peak of RM7.39 on Dec 28, 2007, the counter had lost 97.43%.

The group’s net loss for the third quarter ended March 31, 2021 (3QFY21) widened to RM118 million, from RM92.33 million previously, despite revenue rising 26.63% to RM885.06 million from RM698.94 million.

For the nine months ended March 31, 2021 (9MFY21), the group’s net loss increased to RM168 million from RM218.03 million, while revenue remained stagnant at RM2.57 billion.

Previously, for the full year ended June 30, 2020 (FY20), the group’s net loss also widened to RM427.28 million from RM129.18 million.

According to the latest annual report, Parkson Holdings held a 67.96% stake in Singapore Exchange-listed Parkson Retail Asia.

It also owned a 58.74% stake in Parkson Retail Group Ltd, which was listed on the Stock Exchange of Hong Kong.

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