HONG KONG Jan 28 GOME Electrical Appliances
Holding, China's second-largest home appliance retail
chain operator, said on Monday that it expects to post a net
loss for the year ending Dec. 31, 2012.
In a filing to the Hong Kong Exchange after markets closed,
GOME cited the loss incurred by the group's e-commerce business,
a drop in the group's overall sales revenue and an increase in
its rental expense as reasons for the net loss.
GOME posted last March a lower-than-expected 6.2 percent
fall in 2011 profit to 1.84 billion yuan ($291 million), lagging
analyst forecasts of 2.42 billion yuan.
For full statement, here
(Reporting by Clement Tan; Editing by Miral Fahmy)