Sun Art Retail (06808) said its profit attributable to equity shareholders for the year ended 31 December 2016 rose 5.2% year-on-year to Rmb2,571 million.
Basic and diluted earnings per share were Rmb0.27.
The revenue was Rmb100,441 million, an increase of 4.2% from a year earlier.
Gross profit grew 6.8% year-on-year to Rmb23,981 million. The gross profit margin was 23.9%, an increase of 0.6 percentage points year-on-year. The increase in the gross profit margin was a result of a greater increase in revenue of 4.2% as compared to the increase in cost of sales of 3.4%, reflecting better inventory management to bring a higher profit margin and economies of scale due to the continued expanding business operation.
The proposed final dividend is HK23 cents (2015: HK19 cents) per share, payable no later than 12 July 2017.
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