Gree 2012 Profit Up 41%

Gree Electric Appliances (Zhuhai, China) reported sales 100.084 billion yuan (approx. USD $16.1 billion) for full-year 2012, an increase of 19.84% from 2011. The company reported net profit of 7.378 billion yuan (approx. $1.18 billion) for 2012, up 40.88% from 2011.