Sun Art Retail Group (06808) said its turnover for 2014 increased by 6.6% to RMB91,855 million. Profit attributable to equity shareholders increased by 4.8% to RMB2,908 million. Basic earnings per share amounted to RMB0.30.
Gross profit was RMB20,998 million, an increase of 12.8% from 2013. Gross profit margin increased 1.3ppt to 22.9%. The company attributed the increase in gross profit margin to the improvements in the group's product mix and further common negotiations by the group's two banners, Auchan and RT-Mart.
Operating margin and net profit margin were respectively 4.6% and 3.3%,. If not for the losses incurred by the group's new venture Feiniu.com the growth rate of profit for the year would have been higher by around 5.5 percentage points. This shows both the underlying strength of the group's brick-and-mortar business and the group's commitment to develop Feiniu.com, whose capital was increased by RMB500 million at year end.
The board has recommended the payment of a final dividend of HK$0.16 per ordinary share.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
