China's Jiangling Motors H1 net surges 85 pct

Newswire

SHANGHAI, Aug 23 (Reuters) - China's Jiangling Motors Co Ltd said on Friday its net profit surged 85 percent year-on-year in the first six months of 2002 mainly due to rising sales of its minivan and light trucks. Net earnings rose to 130 million yuan ($15.71 million) also due to lower costs and financial expenses, Jiangling said in its interim results report published in the Securities Times. U.S. auto giant Ford Motors has a 29.96 percent stake in Jiangling, which has hard currency B ...

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