Struggling retailer Gome Electrical Appliances Holding Ltd. was back in the black during the first half of the year, amid a restructuring plan by the brick-and-mortar retailer to expand its e-commerce business.

The Chinese company, which is backed by private equity firm Bain Capital, said in an unaudited earnings flash on August 28 that it posted a 322 million yuan ($52.25 million) profit in the January-June period, as costs went down and its margin widened.

The company said that a fierce price war waged by online retailers, including jd.com, cost it 607 million yuan ($99.18 million) in the first half. Last year was the first time that Gome lost money, after it went public nine years ago.

The turnaround comes after it shut low-performance stores, cut costs and started a plan to go digital. Gome plans to build up its e-commerce business and create synergies with its brick-and-mortar stores.