UPDATE 1-Car sales surge boosts Zhejiang Expressway profit

Newswire

(Adds details, updates share price) HONG KONG, Aug 19 (Reuters) - Chinese toll road operator Zhejiang Expressway Co Ltd said on Tuesday its first-half net profit grew by 10.3 percent, spurred by strong sales of passenger cars in the country. The firm, based in Zhejiang province near the booming city of Shanghai, said that traffic on some routes was less than previous years due to SARS-related travel controls, but said business had bounced back quickly after the outbreak was contained. ...

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