Haier sees big profit
Haier Group, one of the world's leading household appliance manufacturers, announced that its profit jumped 78 percent year on year in 2010 to top 6.2 billion yuan ($941.66 million) in 2010, said Du Fangyuan, a media official with the company.
The sales revenue reached 135 billion yuan ($20.50 billion) in 2010, up nine percent year-on-year, Du said.
The growth can be attributed to the group's successful transition of business model and product innovations, Du said. Haier Group, which is headquartered in east China's Qingdao city and has 60,000 global employees, sells its products in over 100 countries and regions around the world.
