SAIC Q4 net up 58 percent on strong auto sales

Newswire

BEIJING, March 30 (Reuters) - China's largest automaker SAIC Motor Corp said on Wednesday its fourh-quarter net profit rose 58.4 percent from a year earlier on strong car sales in the world's largest auto market. SAIC booked October-December net profit of 4.15 billion yuan ($632 million), compared with 2.62 billion yuan a year earlier, it said in statement. The results beat a consensus forecast of 3.68 billion yuan from three analysts polled by Reuters. SAIC said in January it expected ...

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