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Gree Electric Appliances sees 57% up in Q3 profit

Oct. 31, 2012 (China Knowledge) - Gree Electric Appliances Inc of Zhuhai<000651>, China's largest maker of home air-conditioner, has announced its net profit attributable to shareholders surged 57.25% YoY to RMB 2.46 billion in the third quarter of this year.

According to a statement filed with Shenzhen Stock Exchange, basic earnings per share were RMB 0.82 for the period, up 46.43% from a year earlier.

In the first nine months of this year, the company saw its operation revenue increase 20.43% from a year earlier to RMB 77.17 billion, including RMB 28.86 billion from Q3 this year, up 21.09% YoY.

From January to September, Gree Electric Appliances realized RMB 5.33 billion in net profit, 41.34% more than in the same period of 2011.







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