Thai AAPICO sees earnings hurt by weak auto sales

Newswire

BANGKOK, June 29 (Reuters) - Thai auto-part maker AAPICO Hitech said on Thursday its revenues and profits this year would remain under pressure from slowing domestic auto sales. However, its agreements with three companies to produce parts jointly would help boost revenues from next year, company president Yeap Swee Chuan told reporters. "It will all depend on car sales. If Thailand's car sales drop, we should drop," Yeap said of its earnings for the year. Earlier this month, AAPICO, ...

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