Chinese retailer Wumart Stores has posted a 21% jump in half-year profits thanks to buoyant turnover and steady growth in comparable-store sales.
Go deeper with GlobalData
Wumart, the leading retailer in Beijing, yesterday (11 August) posted net income of CNY233.2m (US$34.1m) for the six months to June, an increase of 21.2% on the year.
Turnover climbed 34.7% to CNY1.09bn with comparable-store sales up 3.5%.
Wumart said its comparable-store sales growth had come despite “sharp decreases in food prices”. The retailer said improvements to the image of its stores and quality of service had led to “substantial increases in the number of transactions”.
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
