Market Overview

Haier 2014 Profit Surges


Chinese company Haier Electronics Group Co. Ltd. (OTC: HRELY) reported a 20% rise in its 2014 net profit.

Haier's net profit for the year climbed to 2.45 billion yuan (US$394.5 million), versus a year-ago profit of CNY2.04 billion.

Its revenue also gained 7.8% to CNY67.13 billion versus CNY62.26 billion.

The company's board proposed a final dividend of 11 Hong Kong cents a share, compared to 10 Hong Kong cents a share in 2013.

Posted-In: profitEarnings News


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