Chinese retailer Wumart has said that its first-quarter net profit jumped 30.8% to CNY4.1m (US$586,000) on the back of an 18% rise in sales to CNY2.5bn.

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“The growth in total revenue was mainly derived by the increase in comparable store sales, sales of new stores opened in 2007, and year-on-year growth in services income from suppliers and rental income,” Wumart said.


Comparable store sales increased 14.1% in the quarter and the total number of stores the group operates rose to 407 during the period.


Wumart said sales had benefited from increased brand awareness, price optimisation, better category management and an improved quality of service.

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