Beijing Cuiwei Tower Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 01:41 pm IST
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Beijing Cuiwei Tower Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 453.634 million compared to CNY 2,505.688 million a year ago. Operating loss was CNY 16.527 million compared to operating Income of CNY 119.674 million a year ago. Net loss was CNY 33.061 million compared to net income of CNY 89.888 million a year ago. Basic loss per share from continuing operations was CNY 0.063 compared to basic earnings per share from continuing operations of CNY 0.171 a year ago.
Beijing Cuiwei Tower Co Ltd is a China-based company mainly engaged in commercial retail and third-party payment business. The Company conducts its businesses primarily through two segments. The Bank Card Acquiring segment is mainly engaged in the third-party payment business, and completes the clearing and settlement services of transaction funds together with the acquiring bank, the professional bank card institution and the card issuing bank. The Department Store segment is principally engaged in the sales and leasing of merchandise. The Company mainly conducts its businesses in the domestic market and overseas markets.