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Suning Q1 Profit Up 67% YoY
002024.SZ, Retail, Suning
Editorial Summary
Chinese home electronics and appliance retailer Suning Appliance Co., Ltd. (002024.SZ) saw revenues climb 41.95 percent year-on-year to reach RMB 12.64 billion in the first quarter of 2008. Suning net profit was up 67.12 percent year-on-year to RMB 430.97 million in the quarter. The company expects net profit for the first half to increase between 70 and 100 percent year-on-year. Suning had 662 stores across 155 domestic cities by the end of March.
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