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August 24, 2012

CHINA: Wumart H1 profits climb

Chinese retailer Wumart Stores has booked an increase in first-half profits.

Chinese retailer Wumart Stores has booked an increase in first-half profits.

In the six months to the end of June, earnings edged up by 0.5% to reach CNY338.6bn (US$53.3m), the retailer said this week.

Net sales in the period amounted to CNY8.57bn, a 7.2% increase on the prior year period.

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