SAIC Motor H1 net profit up 6.33pct on year
SAIC Motor H1 net profit up 6.33pct on year
Leading Chinese automaker SAIC Motor (600104.SH) said Thursday its net profits in the first half of 2013 gained 6.33 percent from a year ago to 11.466 billion yuan.
Operating revenues of the company totaled 279.43 billion yuan, a surge of 19.33 percent from the corresponding period of last year, said the automaker in a filing to the Shanghai Stock Exchange.
Its basic earnings per share stood at 1.040 yuan in the first half, up from 0.978 yuan in the same period of last year.
The automaker sold 2.574 million motor vehicles in the first six months, a rise of 15.3 percent year on year, maintaining its leading status in the domestic market.
SAIC Motor isChina's largest automaker by sales.
(Edited by Olivia, Olivia@tireworld.com.cn)
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
