TOKYO -- Aeon Mall likely raised group operating profit 6% on the year in the March-May period to about 12 billion yen ($106 million), with narrower losses abroad spurring the company to a record first quarter for the third straight year.
The Japanese mall operator's revenue apparently increased 6% to over 70 billion yen. Gaining more recognition overseas, the company has attracted additional customers and boosted rental earnings from tenants in China and Southeast Asia. Aeon Mall is expected to post a foreign operating loss of just under 200 million yen for the quarter, a 900 million yen improvement from a year prior.
