19 October 2018

Dangdang returns to black in fourth quarter, filing says

E-Commerce China Dangdang Inc. reported a net profit of 21.7 million yuan (US$3.54 million) for the three months to December from a loss of 122.09 million a year earlier, the company said in a regulatory filing. It was the New York-listed company’s first profitable quarter since the first three months of 2011. Total revenue for the entire 2013 grew 21.8 percent to 6.325 billion yuan from the previous year, the filing said. The company expects revenue for the first quarter of 2014 to grow 30 percent year on year to 1.73 billion yuan.

– Contact HKEJ at [email protected]



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