Gasgoo.com (Shanghai January 26) - GAC Changfeng Motors Co. Ltd. (600991.SH) predicts its 2010 yearly net income to have increased 450% to 550% from the previous year, the company said in an announcement today.
GAC Changfeng made a net profit of 282 million yuan ($42.9m) last year, with a stock value of .05 yuan. Due to increased sales and lowered costs, The company expects its 2010 figures to show a drastic increase from that figure.
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