Article: XINHUA DEPARTMENT STORE 9-MONTH NET PROFITS ROSE 47.62%


AsiaInfo Services
10-20-2008
Xinhua Department Store 9-month Net Profits Rose 47.62%

SHANGHAI, Oct 20, 2008 (SinoCast via COMTEX) -- Yinchuan Xinhua Department Store Co., Ltd. (SHSE: 600785)'s net profits attributable to shareholders amounted to CNY 88.3404 million in the first nine months of 2008, leaping 47.62% from the January-September 2007 period.

In the past three quarters, the department store operator gained operating revenues of CNY 2.0354724 billion and non-operating revenues of CNY 3.8606 million, swelling 143.58% from a year ago. Basic earnings per share stood at CNY 0.51 and net assets per share reached CNY 3.83.

Growth in net profits was boosted by rising operating revenues and ...

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