China's GOME shares set to open up 11.7 percent after earnings beat forecast
HONG KONG (Reuters) - Shares in China's GOME Electrical Appliances Holding Ltd (0493.HK), which is backed by private equity firm Bain Capital, were set to open up 11.7 percent on Friday after it reported a better-than-expected profit for 2013.
The company posted an 892 million yuan ($143.95 million) profit in 2013, after cost controls, a wider range of products and an online push helped it return to the black from its first yearly loss in 2012.
The stock was set to open at HK$1.34, outpacing a 0.3 percent rise in the benchmark Hang Seng index .HSI.
(Reporting By Yimou Lee; Editing by Paul Tait)