Dashang Group announced on Sunday that the increase rate of its net profit was estimated over 100% in 2011. The figure was 122 million yuan in 2010.

 

Dashang said that the great increase was thanks to strong market demand and favorable government policies for boosting domestic demand. Dashang’s newly opened stores were growing well in recent years and those that were operating at a loss were turning around and some were even gaining profits. The mature locations saw their steady increase day by day.