UPDATE 2-China's SAIC tops forecast with 7pct rise in net profit

Newswire

* Q1 net 5.61 billion yuan vs f'cast 3.98 bln * Prev year's figure revised to 5.24 bln * Revenue 124 billion yuan vs revised 109 billion (Writes through) BEIJING, April 27 (Reuters) - SAIC Motor Corp, China's biggest auto maker, reported a 7 percent rise in first-quarter earnings on Friday, topping forecasts and showing the appeal of its models during a general slowdown in vehicle sales growth in China. Shanghai-based SAIC booked 5.61 billion yuan ($889.6 million) in net income for the ...

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