Thursday, May 1, 2014

Aeon reports record revenue amid ASEAN expansion

1 May 2014

Aeon Co, the Japanese firm developing the soon-to-be-opened Aeon Mall on Phnom Penh’s Sothearos Boulevard, has reported a record $62.3 billion in revenue for its financial year ending February 28.

The company, which has more than 260 subsidiaries, including the shopping centre development arm Aeon Mall Co, announced its annual financial results to the Tokyo Stock Exchange last Friday citing an ongoing effort to penetrate ASEAN markets. Aeon’s shopping centre development business, which now oversees operations at 138 separate malls through Japan, China and Vietnam, saw an 8.1% year-on-year increase in operating revenue to $2.1 billion. Meanwhile, in Cambodia, Japanese technology giant Sharp secured a deal with Aeon Mall Phnom Penh to provide a solar power generation system.

Aeon Mall officials cemented the new Sothearos Blvd shopping centre’s opening date of June 30 earlier this week. The Aeon Mall and Sharp deal, of which the value remains unknown, is not the only Japanese firm to benefit from the new development. Some 49 new Japanese tenants are to open up at Aeon Mall when its doors open in June.

Source:
http://www.phnompenhpost.com/business/aeon-reports-record-revenue-amid-asean-expansion

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