Gome H1 profit declines 49.6%
By Yu Tianyu and Ding Qingfen | China Daily | Updated: 2009-08-22 08:29
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The retailer said it has been able to arrest the slide in same-store sales during the second quarter of this year. CFP |
Gome on Friday said net profit and sales for the six months of this year fell 49.6 percent and 17.7 percent respectively, as the consumer electronics retailer was forced to cut prices of household appliances and close many large-scale stores.
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