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  • September 20, 2014
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  1. Business - Companies - RETAILING

    China's Gome first-half profit jumps 153pc as it pins hopes on online shop

    Posted Aug 28th 2013, 12:00am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Electrical appliance chain says first-half profit rose 153 per cent as inventory turnover decreased to 56 days and store numbers rise to 1,073 Gome earnings jumps as it pins hopes on online shop Mainland home appliance retailer Gome Electrical Appliances said its first-half profit rose 153 per cent year on year to 322 million yuan and that its ...

  2. Business - Companies - EARNINGS

    Gome pushing online sales as interim profit soars

    Posted Aug 25th 2014, 12:39pm by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Mainland electrical appliance retailer wants to lift internet share to 20 per cent as profit soars Gome aims to double online sales Gome Electrical ... achieved that. We are full of confidence for the second half of the year," Gome president Wang Junzhou said. The company has been diversifying its product mix from electrical appliances ...

  3. Corrections & clarifications

    Posted Oct 01st 2010, 12:00am by Staff Reporter

    ... Yesterday's report, 'Wong stays on Gome board amid power tussle', on page B1 incorrectly stated that Wong Kwong-yu is still on the board of appliance retailer Gome Electrical Appliances Holding. Wong does not have a seat on Gome's board. The error was introduced in the editing process. ...

  4. Company profile- Gome

    Posted Jun 02nd 2008, 12:00am by Staff Reporter

    ... The core retail business at Gome Electrical Appliances Holdings is selling electrical appliances and consumer electronics. ...

  5. Business - Companies

    GOME expects interim profit on back of strong Q2

    Posted Jul 19th 2013, 12:16pm by Reuters

    ... Reuters in Hong Kong GOME Electrial Appliances, backed by private equity firm Bain Capital, said on Friday profitability has significantly improved and it expects to swing into profit ... per cent of the losses incurred by its e-commerce business. GOME, China’s second-largest electrical appliance retailer, said profits in the second quarter doubled from the first quarter ...

  6. Business - China Business - EARNINGS

    Gome gains as online focus pays dividends

    Posted May 20th 2014, 12:56am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Appliance retailer's first-quarter profit soars 253 per cent year on year as restructuring plan targeting e-commerce starts to reap rewards Gome gains as online focus pays dividends Mainland home appliance retailer Gome saw its first-quarter profit jump 253 per cent year on year as its restructuring, with a new focus on e-commerce, took shape. ...

  7. Business - Companies - RETAILING

    Gome expects earnings to improve

    Posted Jun 11th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Mainland home appliance firm says integration of online and physical shops will boost margins Gome expects earnings to improve Gome Electrical Appliances ... will bring up the proportion of our highly profitable goods from 20 per cent to 30 per cent of overall sales," Gome's chief financial officer Victor Fang Wei said. "With our earlier ...

  8. Business - Companies - FINANCE

    Jailed tycoon Wong Kwong-yu and wife agree to pay HK$420m to Gome in misconduct case

    Posted Mar 11th 2014, 10:17pm by Enoch Yiu

    ... Gome HK$420m Jailed mainland billionaire Wong Kwong-yu, founder and former chairman of Gome Electrical Appliances, and his wife Du Juan will pay HK$420.6 million to the company as compensation ... school dropout from Shantou who set up a street-side electronic stall in 1987 that was later named Gome and turned into the country's largest electronic appliance retailer with over 1,000 ...

  9. Business - China Business - STOCKS

    Shareholders eye slice of Gome founder's cash

    Posted Apr 18th 2014, 01:17am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Vote to accept HK$420m compensation from Wong Kwong-yu brings call for special dividend Shareholders eye slice of Gome founder's cash Shareholders of mainland retailer Gome Electrical Appliances yesterday voted almost unanimously for the company to accept HK$420 million from its jailed founder and his wife as compensation for their misconduct ...

  10. Business - Companies - WHITE COLLAR

    Big chunk of compensation to Gome could end up back in Wongs' pocket

    Posted Mar 24th 2014, 11:10am by Enoch Yiu

    ... Enoch Yiu Of the HK$420m penalty, HK$150m might end up back in couple's pockets via special dividend Wongs could get back big chunk of Gome compensation It might seem that the HK$420 ... shareholders of Gome Electrical Appliances, with 35.55 per cent. If the retailer decides to pay the HK$420 million out as a special dividend, the couple would be able to put nearly HK$150 million back ...




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