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China Nepstar Chain Drugstore incurs lower net loss of CNY3.4m in Q1 2015.

M2 EQUITYBITES-May 26, 2015-China Nepstar Chain Drugstore incurs lower net loss of CNY3.4m in Q1 2015

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Drugstore China Nepstar Chain Drugstore (NYSE:NPD) stated on Monday that it recorded a net loss of CNY3.4m (CNY0.03 basic and diluted losses per ADS) for the first quarter ended 31 March 2015.

This is compared with a higher net loss of CNY18.2m (CNY0.18 basic and diluted losses per ADS) for the first quarter of 2014.

Revenue of CNY759.1m was collected for the first quarter of 2015, up 11.9% from revenue of CNY678.3m for the same period in 2014. Same store sales for the first quarter of 2015 rose by 13.6% over the same period in 2014.

The company said the increases in revenue and same store sales were due to its increased in-store promotional initiatives and marketing of pharmaceutical products.

Gross profit margin in the first quarter of 2015 was 40.8%, rise against gross profit margin of 41.0% in the same period of 2014.

(USD1=CNY 6.20486)

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Publication:M2 EquityBites (EQB)
Article Type:Financial report
Date:May 26, 2015
Words:195
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