UPDATE 1-Denway profits top forecasts on surging demand

Newswire

(Adds details, background) HONG KONG, March 29 (Reuters) - Denway Motors Ltd , the Chinese joint venture partner of Japan's Honda Motor Co , on Monday posted a 78 percent jump in second half net profit as surging unit sales countered price cuts. With a waiting list of buyers for its Honda cars that stretches into the latter part of 2004, Denway is seen as less exposed to downward pricing pressure than many of its rivals in the fast-growing but fiercely competitive China car market, which ...

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