Parkson Retail Group (03368) said it reported a profit attributable to shareholders of Rmb1.14 million for the first quarter ended 31 March 2017, as compared to the loss of Rmb17.79 million for the same period in 2016.
Total operating revenues amounted to Rmb1,255 million, an increase of 0.9% from a year earlier, mainly due to the increase in rental income contributed by the Qingdao Lion Mall.
Operating profit for the quarter surged 109.2% to Rmb31.2 million. Gross sales proceeds dropped 5.6% to Rmb4,407 million.
Same store sales for the quarter declined by 2.2%. Merchandise gross margin declined by 0.5 percentage point to 15.5% compared to the same period last year.
18/05/2017 12:18
Parkson Group (03368) 1Q net turns black to Rmb1.14m
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