China's Changfeng Motors sees 2007 net up 400 pct

Newswire

SHANGHAI, Jan 30 (Reuters) - Hunan Changfeng Motors Co , a small Chinese SUV and pickup truck maker owned 16 percent by Japan's Mitsubishi Motors Corp , estimated on Wednesday that net profit surged at least 400 percent last year. In 2006, the company made a net profit of 30.36 million yuan ($4.2 million). It attributed the leap in earnings to growing sales of high-margin products as a proportion of total sales. Changfeng Motors will announce full 2007 earnings in coming weeks. Listed ...

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