Midea saw net profit up by nearly 20% in the first three quarters of 2019

Midea Group posted revenue of 220.918 billion Yuan, up by 7.37% year-on-year in the first three quarters of 2019, net profit of 21.316 billion Yuan, up by 19.08% year-on-year, and earnings per share 3.2 Yuan, according to the company’s report released on October 30, 2019. For the third quarter alone, the net profit reached 6.129 billion Yuan, up by 23.48% year-on-year.