FAW Car H1 net profit up 206% to $74 mln

Shanghai, August 22 (Gasgoo.com) FAW Car Co, a unit of one of China's three largest auto makers, First Automotive Works, said today that net profit jumped 206 percent to 506 million yuan ($73.9 mln) in the first half of this year.

The operating revenue of FAW Car rose about 76.16 pct year-on-year to 10.432 bln yuan while earnings per share stood at 0.3108 yuan, against 0.1016 yuan a year earlier.

The company attributed its good performance to the strong auto market, increased marketing efforts and cost controls. In total it sold 59,300 vehicles in the first half year, up 75 percent from one year earlier.