Whirlpool China Forecasts 559% Surge in H1 Profit; Shares Jump 10%

MT Newswires Live
Jul 07

Whirlpool China (SHA:600983) expects first-half attributable net profit to soar 559% year over year to 205 million yuan.

The increase is driven by strong core business growth and cost-cutting measures, according to a filing with the Shanghai bourse.

Shares of the home appliances maker surged 10% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10