Midea net profit up over 19 pct in 2019

Midea Group, a leading Chinese home appliance manufacturer, reported a year-on-year increase of 19.68 percent in its net profit in 2019.

Net profit attributable to the company’s shareholders stood at 24.2 billion yuan (about 3.43 billion U.S. dollars), Midea Group announced in its annual report.

Its total operating revenue rose 6.71 percent year on year to 279.4 billion yuan

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.