SAIC Expects Q1 Profit To Soar Over 300%
By Vivian Jin |
April 10, 2010, Saturday
|
Print Edition
Print Edition
CHINA'S largest auto group, SAIC Motor Corp, expects its first-quarter net profit to surge more than 300 percent from the same quarter in 2009 after vehicle sales jumped on government incentives.
Net profit for the Chinese partner of General Motors Corp and Volkswagen was 626 million yuan (US$92 million) for the January-March period last year, said a statement to the Shanghai Stock Exchange yesterday.
The car maker's sales for the first three months rose 63 percent to 890,000 vehicles as it gained from the recovery in the domestic economy and government moves to boost sales since last year.
SAIC, which sold a record 2.72 million units in 2009, aims to sell 3 million vehicles this year.
Net profit for the Chinese partner of General Motors Corp and Volkswagen was 626 million yuan (US$92 million) for the January-March period last year, said a statement to the Shanghai Stock Exchange yesterday.
The car maker's sales for the first three months rose 63 percent to 890,000 vehicles as it gained from the recovery in the domestic economy and government moves to boost sales since last year.
SAIC, which sold a record 2.72 million units in 2009, aims to sell 3 million vehicles this year.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
