Sun Art First Half Below Expectations, but Company Amid Business Transformation
Sun Art’s first-half result was below our expectations on a run-rate basis, with both revenue and underlying operating profit broadly flat. Reported operating profit fell 7.7%, but the previous period included revenue from aged unutilized prepaid phone cards, which had accrued over several years, whereas this half-year included only the usual six months of this revenue. Revenue from food and fast-moving consumer goods, or FMCG, increased while electronic appliances was down. Sun Art has entered ...Sun Art Retail Group is an investment holding company, engaged in the operation of hypermarkets in the People's Republic of China (PRC), under two banners of Auchan and RT-Mart. As of Dec 31 2014, Co. had a total of 372 hypermarket complexes in China, with a total gross floor area of approximately 10,277,525 sq. m.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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