Car boom time - ResearchInChina
Date:2007-07-09
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SHANGHAI Automotive Co (stock code: 600104), China's largest car maker, said first-half profit more than quadrupled after assets acquired in a share sale allowed it to boost sales. Net income in the first six months increased "more than 300 percent" from the year-earlier half. Net income in the first half of 2006 was 541 million yuan (US$71 million), or 0.17 yuan a share, it said.
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