Times Ltd
HKG:1832 ISIN:KYG887821000
Times Ltd. is one the leading operators of hypermarkets in Eastern China. Since the establishment in 1997, Times has focused its foothold in Eastern China region, where the living standard and economic development are amongst the highest in China. As an established and recognised retail operator covering provinces of Jiangsu, Zhejiang, Anhui and Shandong and Shanghai Municipality, Times Ltd operated a large regional network of 67 retail outlets in 52 cities with retail gross floor area aggregating over 872,000 square meters. As at Feb 5, 2009, the company offer a range of merchandises to customers in three principal categories: fresh food and delicatessen, groceries and household supplies, and general household products and merchandise.
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US stocks closed mixed overnight as the market wobbled after the US Federal Reserve decided to maintain its interest rates at record low to support the subdued recovery. The central bank's upbeat outlook of the economy has led to speculation about a faster interest rate rise.
In FY 2008, the company revenue reached record high of RMB 4,007 million, representing an increase of 18.5% over FY 2007, EPS grew by 37.7% to 0.157. In FY 2008, the company had opened up 10 new retail outlets. Currently they have a total number of 67 retail outlets with total gross floor area of about 870,000 square meters across Jiangsu, Zhejiang, Shandong, Anhui Provinces and Shanghai, with a majority of stores strategically placed in the Jiangsu Province. The company is on track for even more expansion during FY 2009.
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