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.
Go deeper with GlobalData
“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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
