GOME Posts Surge In H1 Net Profit

Chinese company GOME Electrical Appliances Holding

reported a 115.2% surge in its net profit for the first half of the year. The company's net profit for the period jumped to 693 million yuan ($112.7 million), versus a year-ago profit of 322 million yuan. Its net profit margin widened to 2.38% versus 1.19%. GOME's revenue jumped 7.4% to 29.1 billion yuan. GOME shares rose 0.03% to close at $16.82 on Friday.