SAIC MOTOR TO SEE A 200% SOAR IN NET PROFIT IN 07
AsiaInfo Services, January, 2008
AsiaInfo Services 01-21-2008 SAIC Motor to See a 200% soar in Net Profit in 07 SHANGHAI, Jan 21, 2008 (SinoCast via COMTEX) -- SAIC Motor Corporation Limited (SHSE: 600104), headquartered in Shanghai, forecasts that its net profit in 2007 will rocket 200% year on year. The Shanghai-based carmaker, a leading role in the industry, sold over 1.69 million cars last year with a yearly rise of 25.8%.
1.137 million cars of the total sales were passenger cars, surging 24.3% from a year ago. Shanghai General Motors Co., Ltd., Shanghai Volkswagen Automotive Co., Ltd. and Ssangyong Motor Company, three flagship subsidiaries of the listed company, achieved sales of over 500,000 cars, over 456,000 cars and over 136,000 cars respectively, with Shanghai General Motors crowning...
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