China's FAW says sales surge helps Q3 net leap 42%

Newswire

SHANGHAI, Oct 30 (Reuters) - FAW Car Co , a unit of China's largest automaker First Automotive Works, reported net earnings of 54.01 million yuan ($6.53 million) in the third quarteron Wednesday, up 42 percent year on year, as sales surged. FAW's quarterly report, published in the official Securities Times, offered no comparative figures for the third quarter. But calculated from previous reports, net profit for the third quarter of last year was 38.11 million yuan. The listed company, ...

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