Home / China News / News detail

China's FAW Car Q3 net profit down 4 pct

From Reuters| October 27 , 2008 08:53 BJT

Oct 27 (Reuters) - Quarter ended Sept 30.

(in millions of yuan unless stated, against 2007 figures):

2008 vs 2007

Turnover 5,356.55 vs 3,746.01

Net attributable 344.44 vs 358.29

Earnings per share (yuan) 0.2116 vs 0.2201

Assets per share (yuan) 3.88 vs 3.57

Company: FAW Car Co. (000800.SZ) is a unit of China's largest automaker, FAW Group, and makes the Red Flag cars once favored by Communist Party cadres. It also makes mid-sized sedans for Mazda Motor Corp (7261.T).

Note: The company published unaudited results, compiled under domestic accounting standards, in the official Securities Times on Monday.

It attributed its earnings fall partly to 93.25 million yuan ($13.6 million) in provisions for possible inventory losses in the first nine months of this year.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com