Great Wall Motor 2011 Net Profit Up 29 pct


Jan 13 (Reuters) - Great Wall Motor Co Ltd , China's top manufacturer of sport utility vehicles and pick-up trucks, said its 2011 net profit rose a market-beating 29 percent, as demand picked up.

The company made a net profit of 3.47 billion yuan ($560 million), higher than the 2.7 billion yuan it recorded in 2010 and better than market expectations for 3.3 billion yuan, according to Thomson Reuters I/B/E/S.

Great Wall Motor, which went public in September 2011, aimed to sell 500,000 vehicles last year. (Reporting by Kelvin Soh; Editing by Will Waterman)

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