UPDATE 1-China's Tianjin FAW back in the black in Q1 2003

Newswire

(Adds details, quotes) SHANGHAI, April 28 (Reuters) - China's Tianjin FAW Xiali Automobile Co Ltd said on Monday it moved back into the black in the first quarter of 2003 when car output surged 94.6 percent year on year. In a statement published on the Shenzhen stock exchange's Web site at www.cninfo.com.cn, the company reported net earnings of 55.6 million yuan ($6.72 million) against a net loss of 31.39 million yuan in the same period last year. FAW Xiali, which runs a venture with ...

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