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Gree Electric Appliances Inc of Zhuhai issues FY 2014 Q1 net profit outlook


Wednesday, 9 Apr 2014 08:00pm EDT 

Gree Electric Appliances Inc of Zhuhai:Sees net profit for the first quarter of fiscal year (FY) 2014 to increase 50 pct to 70 pct, or to be 2,003 mln yuan to 2,270 mln yuan.The net profit of the same period in FY 2013 was 1,335 mln yuan.Comments that increased sales, effective cost control and product structure optimization as the main reason for the forecast. 

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