During a press conference held yesterday, October 30th 2017, Suning Holding Group revealed their financial statement for the third quarter of 2017, a statement that was very positive for Inter and Jiangsu Suning FC’s parent company.
Apparently the Nichinch giant produced a profit of around €87 million. The profits will be redistributed to the shareholders and it is forecasted that the group will end the calendar year with a profit of around €113 million euros or 871 million yuan.
There was an increase in sales from both in online and offline retailers as revenue rose by 27% to 1 billion and 320 million yuan or €1 billion and 171 million. Amidst the happy news there were some negative statistics revealed today, and that was regarding the growth of sales online which is operating at a lower rate than the company’s board and directors had expected it to be at. It currently sits at 65.54% but Suning had expected a higher growth.