The Japanese Mall brand has reported a net loss of $2.3M for their operations in Malaysia.
The losses are considered to be as an effect of the coronavirus outbreak and the control of movement in the area. The subsequent closures of non-essential retail and lower rental pricing are also considered to be contributing factors to the losses. The losses equate to a 19.9 per cent drop from the same period last year.
The company has commented that their current priorities include creating a safe-shopping environment for their customers by introducing personal shopping and home delivery services.
Aeon had a successful first quarter, with a net profit of $1.8M and Aeon MD & CEO Shafie Shamsuddin commented that the recent months have been a tough journey; however they expressed their gratitude that the company has managed to bounce back in May and June.
