trending Market Intelligence /marketintelligence/en/news-insights/trending/XGcgUbgdvbdyFAL1WppNww2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Nanjing Xinjiekou Department Store Q1 loss widens 15.5% YOY

Gender Parity within German Banks

PODCAST

Episode 14: A Quantum of Technology

Blog

Deal Trends in Latin America, Issue 13

Video

Capital Markets View April 2021


Nanjing Xinjiekou Department Store Q1 loss widens 15.5% YOY

Nanjing Xinjiekou Department Store Co. Ltd. said its normalized net income for the first quarter came to a loss of 10 fen per share, compared with a loss of 9 fen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 88.0 million yuan, compared with a loss of 76.2 million yuan in the year-earlier period.

The normalized profit margin dropped to negative 2.4% from negative 2.3% in the year-earlier period.

Total revenue fell on an annual basis to 3.17 billion yuan from 3.27 billion yuan, and total operating expenses declined from the prior-year period to 3.28 billion yuan from 3.35 billion yuan.

Reported net income came to a loss of 176.8 million yuan, or a loss of 21 fen per share, compared to a loss of 155.8 million yuan, or a loss of 19 fen per share, in the year-earlier period.

As of April 29, US$1 was equivalent to 6.48 yuan.