Higher Costs Trim Earnings


THE company logo is displayed outside a Gome Electrical Appliance store in Shanghai. Gome Electrical Appliances Holding Ltd's 2011 net profit fell 6 percent as higher costs weighed on China's second-biggest electronics retailer. Net income dropped to 1.84 billion yuan (US$292 million) last year, compared with 1.96 billion yuan a year earlier, Beijing-based Gome said in a statement to Hong Kong's stock exchange yesterday.- Bloomberg News



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