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.