GOME Retail Holdings Ltd (0493.HK)
20 Jul 2018
* UNIT BEIJING GOME ANXUN TECHNOLOGY TO BUY TIANJIN GOME WAREHOUSING FROM PENGRUN PROPERTY FOR RMB89.6 MILLION Source text for Eikon: Further company coverage:
* Consolidated gross profit margin rises to 18.26 pct vs 16.09 pct
HONG KONG, March 27 GOME Retail Holdings Ltd , one of China's biggest home appliances retailer, booked its first annual loss in five years on Tuesday, blaming higher debt costs and a drop in the value of some assets.
HONG KONG, March 2 GOME Retail Holdings Ltd said it expected to swing to a loss of up to 500 million yuan ($78.7 million) in 2017 due to impairment of goodwill for under-performing business, and impairment of long-term assets relating to e-commerce.
* FY SALES FROM COMPARABLE STORES EXPECTED TO INCREASE BY MORE THAN 2% AND CONSOLIDATED GROSS PROFIT MARGIN EXPECTED TO EXCEED 18%