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March 22, 2013

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Record income

GREAT Wall Motor Co, China's biggest maker of SUVs and pickup trucks, yesterday reported profit surged to a record last year, helped by demand for its Haval vehicles. Net income rose 66 percent to 5.69 billion yuan (US$916 million), from 3.4 billion yuan, Great Wall said in a statement filed to the Hong Kong stock exchange. Revenue increased 43 percent to 43 billion yuan. SUV sales jumped 90 percent as the Baoding-based company led Chinese firms in the fastest-growing segment of the nation's auto market last year.


 

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