|
BIZCHINA> Center
![]() |
|
Related
FAW Car estimates Q3 profit fell 5%
(Agencies)
Updated: 2008-10-11 15:36 FAW Car Co, a unit of one of China's three largest auto makers, First Automotive Works, estimated on Saturday that its net profit in the July-September quarter fell about 5 percent from a year earlier. That would mark a major deterioration from the first half of this year, when FAW, which makes cars with Mazda Motor Corp, posted a 206 percent rise in net profit. In the third quarter of last year, the company made a profit of 356.5 million yuan ($52.2 million). FAW Car did not give a reason for the third-quarter profit drop. But a slowing economy has hit Chinese auto demand hard in recent months; country-wide passenger car sales shrank from a year earlier for a second month in a row in September. The company is due to report full third-quarter earnings late this month. (For more biz stories, please visit Industries)
|
海原县| 松阳县| 平湖市| 盖州市| 杭锦后旗| 敖汉旗| 呈贡县| 上饶市| 武川县| 天全县| 北安市| 景洪市| 姜堰市| 拉萨市| 芜湖县| 白朗县| 阜宁县| 什邡市| 鄂伦春自治旗| 保德县| 连平县| 达拉特旗| 西充县| 凌海市| 松滋市| 尖扎县| 海城市| 通山县| 英吉沙县| 冷水江市| 玉门市| 盖州市| 无为县| 汕尾市| 大方县| 新晃| 定襄县| 栖霞市| 西畴县| 甘孜| 新巴尔虎左旗|