This was partially offset by higher revenue contribution from the group’s Commission from Concessionaire Sales and Managed Rental divisions.
SINGAPORE (May 15): Zhongmin Baihui Retail Group reported 1Q18 earnings increased by 14.2% to RMB 23.8 million ($5.01 million), compared to RMB 20.8 million on 1Q17 due to higher other income.
Revenue for the quarter was 1.4% lower at RMB 254.9 million from RMB 258.3 million a year ago, mainly due to a decrease in revenue contribution from the group’s Direct Sales and Rental Income divisions.
