Gome expects net profit to grow more than 70% over a year earlier

October 20, 2014, Hong Kong--Gome Electric Co., Ltd. announced that Gome listed companies for the 9-month period ending September 30, 2014 ("reporting period"), the expected net profit will be higher than the same period last year, the increase of more than 70%.

Sales of comparable stores under the Gome line are expected to grow by more than 6% per cent, and E-commerce's total turnover (including platform transactions) is expected to grow by more than 70% over a year earlier. Overall gross profit margin is expected to exceed 18% during the reporting period.

Gome President Wang Junzhou said that the future group will rely on the same store growth, two-tier market growth, E-commerce, supermarket department stores four power accelerated development.