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Jingkelong sees profit up

(China Daily)
Updated: 2007-03-22 13:48

Beijing Jingkelong Co, a Hong Kong-listed chain retailer, said its 2006 profit rose 33 percent as rising incomes spurred spending.

Net income attributable to shareholders increased to 99.6 million yuan from 75.1 million yuan in 2005, the company said in a statement to the Hong Kong stock exchange yesterday. Sales rose 10 percent to 4.5 billion yuan. Jingkelong will speed up expansion this year by opening more stores and seeking acquisitions, it said.