HAIER Electronics Group Co, the Hong Kong-listed unit of China's largest maker of home appliances, said first-half profit fell 52 percent from a year earlier.
Net income attributable to equity holders of the parent declined to HK$72.5 million (US$9.3 million) in the six months ended June 30 from HK$151.7 million a year earlier, Haier said yesterday in a statement to the Hong Kong Stock Exchange. Sales rose 22 percent in the first half from a year earlier to HK$3.6 billion, Haier said.