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cp lotus corp (121) Details

C.P. Lotus Corporation, an investment holding company, operates a chain of retail stores under the Lotus brand name in northern, southern, and eastern parts of China. Its stores offer a range of merchandise, including fresh food, health supplement, beverage and liquor, household chemicals, house wares, hardware, sporting goods and toys, electronic appliances, apparel, and shoes. The company owns and operates 57 retail stores, including 53 hypermarkets, 2 supermarkets, and 2 Lotus Life Stations. It was formerly known as Chia Tai Enterprises International Limited and changed its name to C.P. Lotus Corporation in June 2010. The company is based in Hong Kong, Hong Kong. C.P. Lotus Corporation is a subsidiary of C.P. Holding (BVI) Investment Company Limited.

16,600 Employees
Last Reported Date: 04/2/13

cp lotus corp (121) Top Compensated Officers

Chairman, Chairman of Nomination Committee an...
Total Annual Compensation: CNY4.7M
Chief Operating Officer and Executive Directo...
Total Annual Compensation: --
Vice Chairman, Chief Commercial Officer, Chie...
Total Annual Compensation: CNY5.1M
Vice Chairman
Total Annual Compensation: CNY3.5M
Vice Chairman
Total Annual Compensation: CNY3.3M
Compensation as of Fiscal Year 2012.

cp lotus corp (121) Key Developments

CP Lotus Corporation Reports Audited Consolidated Earning Results for the Full Year Ended December 31, 2012; Provides Group Earnings Guidance for the Year 2013

CP Lotus Corporation reported audited consolidated earning results for the full year ended December 31, 2012. For the year, the company reported turnover of RMB 10,677,425,000 compared to turnover of RMB 10,019,305,000 for the same period a year ago. Loss from operations was RMB 235,599,000 compared to profit from operations of RMB 184,373,000 last year. Loss before taxation was RMB 324,494,000 compared to profit before tax of RMB 34,686,000 last year. Loss was RMB 391,639,000 compared to profit of RMB 23,760,000 last year. Loss attributable to equity shareholders of the company was RMB 391,530,000 or 1.88 cents per basic and diluted share compared to profit attributable to equity shareholders of the company of RMB 23,813,000 or 0.15 cents per diluted share last year. Net cash used in from operating activities was RMB 26,801,000 compared to net cash provided by operating activities of RMB 500,438,000 last year. Payment for purchases of fixed assets was RMB 281,369,000 compared to RMB 208,962,000 last year. LBITDA was RMB 24.9 million compared to EBITDA of RMB 383.2 million last year. Based on the group's 2013 business plan and cash flow forecast, the company expected that it will generate sufficient cash flows to meet its business needs and its liabilities as and when they fall due in the next twelve months. The company believed that with all these new initiatives in place and with consistent execution, the Group will be able to return to profitability in 2013.

CP Lotus Corporation Reports Consolidated Earnings Results for the Year Ended December 31, 2012

CP Lotus Corporation reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported turnover of RMB 10,677,425,000 against RMB 10,019,305,000 a year ago. Loss from operations was RMB 235,599,000 against profit from operations of RMB 184,373,000 a year ago. Loss before taxation was RMB 324,494,000 against profit before taxation of RMB 34,686,000 a year ago. Loss for the year was RMB 324,494,000 or 1.88 cents per basic and diluted share against profit for the period of RMB 23,760,000 or 0.16 cents per basic share and or 0.15 cents per diluted share a year ago. The increase in turnover was due to revenue generated by the four hypermarkets in Wuxi, Xuzhou, Hefei and Changsha acquired from Whole Sino on January 1, 2012 and the three new stores opened in 2012 of which two in Guangzhou and one in Shanghai.

CP Lotus Corporation to Report Fiscal Year 2012 Results on Feb 22, 2013

CP Lotus Corporation announced that they will report fiscal year 2012 results on Feb 22, 2013

 

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