Gome Retail Holdings satisfying result
In this article (5)
Both online and offline business showed strong growth for electrical appliance retailer Gome Retail Holdings during the nine months to the end of September.
Total gross merchandise volume (GMV) of the group for both online and offline grew by 20.04 per cent, while GMV of online e-commerce business grew by 58.13 per cent.
Sales revenue was about RMB57.4 billion (US$8.6 billion), up 3.68 per cent on the same period last year.
Consolidated gross profit margin was about 17.05 per cent, up 1.03 points, while profit attributable to the owners of the parent was about RMB220.1 million, a decrease of 10.71 per cent.
Questions & Answers
Q.What was the growth in Gome Retail Holdings' total gross merchandise volume for the nine months to September?
What was the growth in Gome Retail Holdings' total gross merchandise volume for the nine months to September?
The group's total gross merchandise volume, covering both online and offline business, saw a growth of 20.04 per cent during the period. This indicates a strong performance across their diverse sales channels.
Q.How did Gome Retail Holdings' sales revenue compare to the previous year?
How did Gome Retail Holdings' sales revenue compare to the previous year?
Sales revenue for Gome Retail Holdings was approximately RMB57.4 billion (US$8.6 billion). This figure represents an increase of 3.68 per cent when compared to the same period in the previous year.
Q.Did Gome Retail Holdings' profit attributable to owners increase or decrease?
Did Gome Retail Holdings' profit attributable to owners increase or decrease?
Profit attributable to the owners of the parent decreased by 10.71 per cent, amounting to approximately RMB220.1 million. This shows a notable dip in profitability despite growth in other areas.
Q.What was the growth rate specifically for Gome's online e-commerce business?
What was the growth rate specifically for Gome's online e-commerce business?
The online e-commerce business experienced significant growth, with its gross merchandise volume increasing by 58.13 per cent. This highlights a particularly strong performance in their digital sales platforms.
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