China’s Gome Posts 34.45% Rise In Profits For 2009
Posted on April 13, 2010 at 15:30 PM EDT
Chinese home appliances and electronics retailer Gome Electrical Appliance Holdings Limited has published its annual financial report for 2009, stating that its net profit increased by 34.45% year-on-year CNY1.048 billion to CNY1.409 billion; but its revenue decreased by 7.02% to CNY42.667 billion. In 2009, Gome reduced the number of its retail stores for strategic purposes. According [...]
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