In spite of this, gross profit remained relatively unchanged at RMB65.6 million compared to RMB64.2million in the previous year on lower revenue from its rental & managed rental segments.
SINGAPORE (Nov 13): Zhongmin Baihui has announced profit after taxation of RMB9.8 million ($2 million) for the 3Q ended Sept, representing a 20% decline from RMB12.3 million in earnings in the previous year on higher expenses and lower margins.
Revenue for the quarter grew 17% to RMB241.8 million from RMB206.8 million previously on higher contributions from additional stores which opened at the end of 3Q16 and the following quarter.
