China truck maker Qingling H1 net down as sales slow

Newswire

HONG KONG, Aug 25 (Reuters) - Chinese light truck maker Qingling Motors Co. Ltd. on Wednesday said its first half net profit fell 4.4 percent as steel prices rose and sales of its light trucks slowed as China took measures to cool overheating sectors, including the auto industry. Qingling, which mainly makes commercial trucks under the brand of Japan's Isuzu Motors , reported net profit of 65.33 million yuan (US$7.89 million) for the six months through June compared with 68.33 million yuan ...

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