Haier Q1 net profit up 47.17%

Updated: 2011-04-27 13:44
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BEIJING - Haier Group, one of the world's leading white goods and home appliances makers, announced Wednesday that its first quarter net profit jumped 47.17 percent year-on-year to 531 million yuan ($81 million).

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In a statement filed to the Shanghai Stock Exchange, Haier said its total value of assets increased 8.39 percent year from a year earlier to 31.7 billion yuan as of the end of March this year.

Earnings per share soared 47.21 percent year-on-year to 0.396 yuan, said the statement.

Haier attributed the profit surge mainly to an export boom and tax rebates.

The Qingdao-based Haier sells its products in over 100 countries and regions around the world.