The Chinese group 361 Degrees reported an operating profit of 992,781 million yuan renminbi (€132.8m) from RMB 771,944 million for the six months ended June 30.
Profit attributable to shareholders increased by 28 percent to RMB 703,646 million (€94.1m) as gross margin improved by 20 basis points to 41.7 percent from 41.5 percent. Staffing costs fell by 1.2 percent and R&D expense was flat year-over year.
Total revenues rose by 18 percent to RMB 4,311,523 million (€576.9m). 361 Degrees Kids revenues expanded by 33 percent to RMB 911 million (€121.9m) and e-commerce sales were RMB 1.08 billion (€144.5m).
The company, celebrating its 20th anniversary this year, ended H1 with 5,642 stores in Mainland China, 2,448 Kids doors, and 1,187 international points-of-sale.
