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Gree Appliances Revenue up 11% in First Quarter
May 10, 2013
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Gree Electric Appliances, Inc. (Zhuhai, China) reported first quarter 2013 revenue of 22.30 billion yuan, up 10.98% from 1Q 2012. The company reported 1Q 2013 net profit of 1.34 billion yuan, up 13.77% over 1Q 2012.

Gree had 2012 revenue of 100.11 billion yuan (approx. US$16.3 billion), up 19.87% over 2011. Net profit in 2012 was 7.38 billion yuan (approx $1.2 billion), up 40.92% over 2011.

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