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Gome's net profit rises 66% in H1

08-24-2010 09:21 BJT

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Embattled electrical appliance giant Gome has released its first half results, which show its net profit rose 66 percent in the first six months of the year.

Media reports are rife with speculation the row between jailed founder Huang Guang-yu and the board, led by chairman Chen Xiao, may be intensified by the result. Chen Xiao could gain more support from investors, on the news the company was profitable in the first half of the year.

Before Gome's new boss drew fresh battle lines with Huang, the board issued an open letter over the weekend seeking support from staff to refute accusations made by Huang. Huang Guangyu criticized Chen for turning Gome into a so-called "foreign company".

Editor:Xiong Qu |Source: CNTV.CN

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