While first-quarter sales revenue rose modestly for Gome Retail Holdings, total gross profit margin for the electrical appliance retailer grew by 29 per cent both online and offline.

Its unaudited results show an 0.44 percent increase in sales revenue to about RMB17.4 billion (US$ 2.7 billion).

Consolidated gross profit margin (gross profit margin plus other income and gains margin)
was about 17.46 per cent, which Gome describes as “relatively stable”.

However, profit attributable to owners of the parent was about RMB113 million, down by 17.52 per cent.