UPDATE 1-China Motor 2006 net profit slides 29 pct

Newswire

(Recasts with details) TAIPEI, March 1 (Reuters) - Taiwan's China Motor said on Thursday its 2006 net profit fell 29 percent but it expects 2007 sales of its automobile venture in China to more than double from last year. China Motor earned a pretax profit of T$3.43 billion ($104 million) in 2006, compared with T$4.748 billion it earned in 2005. Its net profit dropped to T$3.25 billion in 2006 from T$4.57 billion in 2005. China Motor did not give financial forecasts for 2007 but Huang ...

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