Wuhan Department Store Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 05:37 pm IST
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Wuhan Department Store Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,291.465 million compared to CNY 4,748.552 million a year ago. Operating loss was CNY 224.747 million compared to operating Income of CNY 398.190 million a year ago. Net loss was CNY 224.853 million compared to net income of CNY 294.949 million a year ago. Basic loss per share from continuing operations was CNY 0.29 compared to basic earnings per share from continuing operations of CNY 0.39 a year ago. Diluted loss per share from continuing operations was CNY 0.29 compared to diluted earnings per share from continuing operations of CNY 0.38 a year ago.
Wushang Group Co Ltd, formerly Wuhan Department Store Group Co Ltd, is a China-based company mainly engaged in merchandise sales business in shopping malls and supermarkets. The Company operates through department stores and supermarket chains. The Company is also engaged in real estate business. The Company mainly sells fruits and vegetables, livestock products, aquatic products, daily ingredients, grain and oil, seasonings, leisure food, beverages, cosmetic washing, shoes and hats, needle cotton, leisure department stores and other commodities. The Company mainly conducts its businesses in Hubei Province, China.