Strong growth for Gome Retail Holdings
Both online and offline business showed strong growth for electrical appliance retailer Gome Retail Holdings during the nine months to the end of September.
Total gross merchandise volume (GMV) of the group for both online and offline grew by 20.04 per cent, while GMV of online e-commerce business grew by 58.13 per cent.
Sales revenue was about RMB57.4 billion (US$8.6 billion), up 3.68 per cent on the same period last year.
Consolidated gross profit margin was about 17.05 per cent, up 1.03 points, while profit attributable to the owners of the parent was about RMB220.1 million, a decrease of 10.71 per cent.