Great Wall Motor H1 net profits up 73.7%

Great Wall Motor (02333.HK; 601633.SH), China's largest sport utility vehicle (SUV) producer, posted net profits of 4.088 billion yuan for the first half of 2013, a sharp rise of 73.70% from a year ago thanks to improved profit margin and sales.

Operating revenues of the automaker totaled 26.417 billion yuan during the period, up 44.45% year on year, with earnings per share up 73.7% at 1.34 yuan, said the company in a filing to the Shanghai Stock Exchange.

Great Wall Motor sold 367,857 motor vehicles in the first six months, including 42,706 units delivered to overseas market.

(Edited by Olivia, Olivia@tireworld.com.cn)