MW /Gome first-half profit falls 50% to $84.9 million Gome first-half profit falls 50% to $84.9 million
HONG KONG (MarketWatch) -- Gome Electrical Appliance Holding Ltd., China's biggest retailer of electronics by revenue, [s:hk:493] said Friday its first-half net income totaled 580 million yuan ($84.9 million), or 0.045 yuan a share, a drop of 50% from the 1.15 billion yuan, or 0.089 yuan a share, a year earlier. Revenue for the six months through June totaled 20.46 billion yuan, compared to 24.87 billion yuan a year ago. The company did not recommend a first-half dividend, in contrast to its 0.027 yuan-a-share dividend a year ago.
