FINWIRES · TerminalLIVE
FINWIRES

Gree Electric Appliances' Profit Rises 3% in Q1 on Higher Revenue; Shares Up 4%

By

-- Gree Electric Appliances' (SHE:000651) attributable net profit rose 3% year over year to 6.08 billion yuan in the first quarter from 5.9 billion yuan, according to a Wednesday filing with the Shenzhen Stock Exchange.

The appliance manufacturer's earnings per share edged up to 1.09 yuan from 1.07 yuan a year earlier.

Operating income declined 3.5% year on year to 43 billion yuan from 41.5 billion yuan.

Gree Electric's shares rose 4% in early-morning trade on Wednesday.

Related Articles