China Jiangling Motors says 9-month net up 88 pct

Newswire

SHANGHAI, Oct 29 (Reuters) - Chinese automaker Jiangling Motors Co , in which U.S. auto giant Ford holds 29.96 percent, said on Tuesday its net profit jumped 88 percent in the first three quarters this year due to stronger sales. The light truck and minivan maker said it expected net earnings for all of 2002 to rise more than 50 percent year-on-year. The company said its third-quarter net profit was 77.80 million yuan. It gave no figure for the third quarter last year, and Reuters could ...

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