Changchun FAW-Sihuan estimates H1 net up 350-400 pct

Newswire

SHANGHAI, July 29 (Reuters) - Chinese auto components maker Changchun FAW-Sihuan Automobile Co Ltd said on Tuesday its first-half net profit rose by an estimated 350 to 400 percent from a year earlier, mainly due to an increase in investment returns of the company. In a statement submitted to the Shanghai Stock Exchange, FAW Sihuan said its year-ago net profit in the period was 15.2 million yuan ($2.22 million), or earnings per share of 0.072 yuan. FAW Sihuan supplies parts to leading ...

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