trending Market Intelligence /marketintelligence/en/news-insights/trending/clLX8Wok5wg-KzHtihQAlg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Nanjing Xinjiekou Department Store Q3 loss narrows YOY

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

Tech in Banking: An Age of Digital Disruption

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Nanjing Xinjiekou Department Store Q3 loss narrows YOY

Nanjing Xinjiekou Department Store Co. Ltd. said its normalized net income for the third quarter amounted to a loss of 12 fen per share, compared with a loss of 15 fen per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 95.2 million yuan, compared with a loss of 119.8 million yuan in the year-earlier period.

The normalized profit margin increased to negative 2.3% from negative 3.6% in the year-earlier period.

Total revenue decreased 8.3% on an annual basis to 3.06 billion yuan from 3.34 billion yuan, and total operating expenses decreased 6.2% year over year to 3.21 billion yuan from 3.42 billion yuan.

Reported net income totaled a loss of 177.1 million yuan, or a loss of 22 fen per share, compared to a loss of 228.3 million yuan, or a loss of 28 fen per share, in the year-earlier period.

As of Oct. 27, US$1 was equivalent to 6.78 yuan.