Qingling Motors H1 net falls 65 pct, stock drops


HONG KONG, Aug 28 (Reuters) - Chinese truck maker Qingling Motors, the mainland partner of Japan's loss-making Isuzu Motors , said on Wednesday its net profit plunged 65 percent to 59.42 million yuan (US$7.62 million) in the first half of 2002. Analysts had expected a sharp fall in Qingling's interim earnings because of shrinking margins amid fierce competition in China's automotive industry. Qingling, based in the southwestern city of Chongqing, has said it sold 15,482 vehicles in the ...

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