Better Life Commercial Chain Share (002251), an operator of supermarkets and department stores, posted a 52.2 percent year-on-year rise in 2011 net profit to 260 million yuan, while sales revenue increased 24.65 percent to 8.44 billion yuan, reports P5W.com, citing a company filing.

Better Life Commercial Chain Share announced plans to distribute cash dividends of five yuan (including tax) for every 10 shares held.

According to the company, the main causes of revenue growth were higher internal management capabilities, good growth of its main businesses, and cost controls.

Better Life Commercial Chain Share set up 16 new outlets in 2011.