Maoye 2010 SSS Up 21.5%, Jan Feb SSS Climbs 25% YoY

Maoye International (0848.HK) reported growth in total sales proceeds in 2010 of 49.7% y-o-y to RMB 7.27 billion, with same-store sales (SSS) growing 21.5% over the year. Operating revenue for the year increased 50% y-o-y to RMB 2.75 billion, while net income climbed 22.7% y-o-y to RMB 576.60 million.

The company recorded growth in same-store sales in the first two months of 2010 of 25% and growth in total sales proceeds of 55% y-o-y, reported citing company chairman and CEO Huang Maoru.