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Changan Auto Jan-Sept net profits may jump 133%
Shanghai, October 16 (Gasgoo.com) Chongqing Changan Automobile Co is expecting its net profit for the January-September period to rise 133-150 percent to 800 million yuan(US$117.4 million)-860 million yuan, up from 343.55 million yuan a year earlier, the automaker said on Tuesday.
Changan also believes that it would post a net profit of between 267 million yuan and 327 million yuan in the nine-month period, largely helped by robust sales in the domestic market on the back of extended government support.
Chongqing Changan said its sales in the nine-month period rose 51.19% to 1 million vehicles.
Changan is scheduled to issue their third-quarter financial results Oct. 30.
Changan also believes that it would post a net profit of between 267 million yuan and 327 million yuan in the nine-month period, largely helped by robust sales in the domestic market on the back of extended government support.
Chongqing Changan said its sales in the nine-month period rose 51.19% to 1 million vehicles.
Changan is scheduled to issue their third-quarter financial results Oct. 30.
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