Electronics retailer Gome has benefited from its recent store closure strategy.

While sales for the year to December 31 fell 7% to Yn42.7bn (£4bn) - the result of closing down 189 underperforming stores - net profit jumped 34.4%.

Gome revealed that the government’s stimulus policies helped to lift sales and operating profits 5.7% and 53.6% respectively in the second half of 2009.

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