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Haier Electronics said that net profit for the first half of this year increased 77.1% year-on-year to HK$128 million (approx. US$16 billion).
The company's washing machine and water heater business saw significant growth, mainly boosted by growing demand and Haier's distribution channels.
Revenue from its washing machine business rose 47.6% while revenue from the water heater business increased 50.1%.
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