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Home>Feature Articles>Domestic Articles>News contents Wu-mart Released 3rd-Quarter Report Nov 6th, Wu-mart Stores, Inc. released its third quarter report by September 30, 2007. During the reporting period, the total revenue was about 2.017 billion RMB, rising 38.3% compared with the same time of 2006. The increase can be mainly attributed to the 8.9% growth of comparable store sales over the corresponding period of last year; sales contribution of new stores; and increase of supplier service income and rental income during the period. The gross profit was approximately 0.31 billion RMB, increasing by 43.1% over the same time of 2006. The net profit of the group reached 74.86 million RMB with year-on-year growth of 35.3% because of the growth of turnover and gross profit, effective control on the administrative expense and a surge of the associated shares. The total number of the stores was 502 and the net asset was 2.045 billion RMB by September 30, 2007. Source: |Close| |