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Suning Appliance's profit down 31.3% in Jan-Sep

Oct. 31, 2012 (China Knowledge) - Suning Appliance Co Ltd<002024>, one of the largest electrical appliance retailers in China, has said its net profit attributable to shareholders dropped 31.28% YoY to RMB 2.35 billion in the first nine-month of this year.

According to a statement filed with Shenzhen Stock Exchange, basic earnings per share for the period were RMB 0.33, down 32.11% YoY.

In the first nine months of this year, the electrical appliance retailer's operation revenue hit RMB 72.43 billion, reflecting a YoY increased of 7.11%.

By the end of September 2012, Suning Appliance had a total of 1,707 stores, comprising 1,667 stores in mainland China, 28 stores in Hong Kong and 12 stores in Japan.

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