Shanghai New World Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:06 pm EDT
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Shanghai New World Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 201.483 million compared to CNY 721.664 million a year ago. Operating loss was CNY 37.314 million compared to operating Income of CNY 66.923 million a year ago. Net loss was CNY 13.922 million compared to net income of CNY 80.385 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.12 a year ago.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
