Qingling Motors 2003 net up 7.3 pct, below f'cast

Newswire

HONG KONG, April 27 (Reuters) - Chinese light truck maker Qingling Motors Co Ltd said on Tuesday its 2003 net profit rose 7.3 percent, lower than market expectations, amid intensifying competition. The company posted a net profit of 157.57 million yuan (US$19 million), against a median forecast of 173.15 million yuan from 13 analysts polled by Reuters Research. All 13 analysts rated either "sell" or "underperform" for the company as Qingling's market share shrank last year and demand for ...

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