Nov. 20, 2012 (China Knowledge) - GOME Electrical Appliances Holding Ltd<0493
>, one of the major home appliance retailers in China, had suffered RMB 687 million in net loss in the first nine months of this year, compared with a net profit of RMB 1.79 billion it realized in the corresponding period of 2011.
According to a statement filed with Hong Kong Stock Exchange
, revenue for the nine-month period decreased 18.02% YoY to RMB 36.06 billion.
In the first nine months of 2012, the appliance retailer's gross margin was 15.88%, 2.97 percentage points lower than in the corresponding period of last year.
As of the end of Sep 30, 2012, the Hong Kong listed
home appliance retailer had a total of 1,699 outlets.