China Beiqi Foton says 2007 profit soars 600 pct


SHANGHAI, Jan 26 (Reuters) - Chinese truck maker Beiqi Foton Motor Co estimated on Saturday that net profit surged more than 600 percent last year. In October, Foton had predicted the year's profit would rise more than 100 percent, but it said on Saturday that management reforms and adjustments to its product line-up had proved more successful than expected. In 2006, the company made a net profit of 47.6 million yuan ($6.6 million). Foton is due to make a full 2007 earnings report in ...

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