China's Shanghai Auto posts Q2 net profit rise


SHANGHAI, Aug 26 (Reuters) - Shanghai Automotive , which owns a fifth of General Motors' flagship car plant in China, posted a 10.5 percent rise in second-quarter net earnings on Thursday despite a sharp slowdown in car sales across the country. Shanghai Automotive Co. Ltd., the listed arm of China's largest car maker, posted earnings of 721.33 million yuan ($87.15 million) in the quarter, versus 652.91 million yuan a year earlier, it said in a statement seen by Reuters. Growth in car ...

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