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FAW Car H1 unaudited net profit 505.77 mln yuan

From XFN-ASIA| July 22 , 2008 08:55 BJT

FAW Car Co Ltd said first half unaudited net profit was 505.77 mln yuan ($74.16 mln), up about 206 pct from the year-earlier audited result, due to a strong auto market, increased marketing efforts and cost controls.

In a brief statement filed with the Shenzhen Stock Exchange, the company said operating revenue rose about 76.16 pct year-on-year to 10.432 bln yuan.

Earnings per share stood at 0.3108 yuan, against 0.1016 yuan a year earlier.

The company is due to release audited first half financial results on Aug 28.

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