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Article: JIANGSU CHANGCHAI EXPECTS 300%-400% GROWTH IN Q1 NET
- Article from:
- AsiaInfo Services
- Article date:
- April 2, 2009
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AsiaInfo Services
04-02-2009
Jiangsu Changchai Expects 300%-400% Growth in Q1 Net
CHANGZHOU, Apr 02, 2009 (SinoCast Daily Business Beat via COMTEX) -- Changchai Co., Ltd. (SZSE: 000570), a large diesel engine maker based in Changzhou, Jiangsu Province in south China, forecasts its net profits gained in the first quarter of 2009 would touch CNY 30 million or so, rocketing 300% to 400% from a year earlier. The earnings per share for the quarter will be CNY 0.08.
The company reaped net profits of CNY 8.0733 million in Q1 2008, or CNY 0.02 per share.
The strongly booming earnings partly come from increasing profits from major business, thanks to curbed cost and stable sales revenue, and partly ...
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