Revamped Gome still in the black

Gome Electrical Appliances Holding Ltd has managed to remain profitable amid a major restructuring plan to boost its e-commerce business.

The company - one of the country's largest privately owned electrical appliance retailers - said on Monday that its sales revenue was 41.6 billion yuan ($6.83 billion) in the first three quarters, up 8 percent year-on-year, as costs went down.

In the past nine months, Gome achieved net profit of 582 million yuan while its third-quarter net profit was 260 million yuan.