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Wonder Auto expects profit, revenue growth in Q2

From Associated Press| July 02 , 2008 08:53 BJT

Chinese automotive supplier Wonder Auto Technology Inc. said Tuesday it expects its second-quarter profit and sales to be up from the same quarter last year.

Wonder Auto said it expects to post a second-quarter profit of $5 million, up from $3.8 million in the 2007 period. Revenues are expected to increase to $36 million from $24 million in the same quarter last year, the company said.

In morning trading, Wonder Auto shares rose 15 cents, or 2.1 percent, to $7.18 in morning trading.

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