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| Thursday, October 16, 2008 00:30:17 |
Changan Ford expects 143% rise in Q3 net
Ford Motor Co.'s Chinese partner, Changan Auto Co. Ltd., said on Wednesday it expected a 146.32 percent jump in third quarter net profit from a year earlier, Reuters reported.
Net profit for the period is estimated at 533.33 million yuan (67.44 million US dollars) compared with 216.52 million yuan (27.06 million US dollars) a year earlier, Changan Auto said in a statement.
Turnover could rise 36.08 percent to 18.23 billion yuan (2.28 billion US dollars) in the third quarter.
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