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皇冠体育app's Changan posts soaring net profit in 2009

(Xinhua)
Updated: 2010-03-10 16:29
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Chongqing Changan Automobile Co, Ltd (Changan), one of 皇冠体育app's biggest carmakers, Tuesday reported its net profit surged by 4,323.36 percent last year.

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2009 Annual Reports of Listed Companies
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In its annual business report filed to the Shenzhen Stock Exchange, the Chongqing-based company said its net profit for 2009 hit 1.08 billion yuan ($158 million). The earnings per share stood at 0.46 yuan, up 4,500 percent year-on-year.

The increase in sales was driven by the country's car boom, according to the report. Changan is a 皇冠体育app partner of Ford Motor Co and Mazda Motor Corp of Japan.

Shares of Changan opened up at 12.93 yuan Tuesday compared with 12.64 yuan at the previous closing on the profit figures.

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