Chinese supermarket operator Wumart has revealed profit edged up in 2012, boosted by higher sales.
The company said net profit grew 2.7% to CNY601.7m (US$97.8m). Operating profit increased to CNY865.4m in 2012, from CNY863.6m in 2011.
Total sales were up by 5.7% to CNY17.33bn. Gains were driven by store openings, with 538 new outlets added to the group’s store count in the year. Like-for-like sales climbed 2.1%.
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