FAW Car hopeful of 100% net profit boost in year's nine months

Source: Global Times
[14:16 October 14 2010]
Comments

FAW Car announced today that the company is expecting its net profit to rise 67 to 100 percent year-on-year to 1.5-1.8 billion yuan ($225.40 million -$270.33 million) in the first three quarters, with earnings per share (EPS) of 0.92-1.11 yuan, according to Yicai.com, citing the company's filing.

The Chinese automaker said its net profit from July to September declined 14.86 percent to 17.60 percent from a year earlier, to 300-310 million yuan, with EPS of 0.18-0.19 yuan, a drop from 0.2237 yuan last year.