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Chana Automobile expects 2009 net profits to soar
(Xinhua)
Updated: 2010-01-28 13:41
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Chana Automobile, a leading Chinese automaker which is also known as ChangAn, said on Thursday that it expected the company's net profits in 2009 to jump by 42 to 46 fold from the previous year.
In a statement filed to the Shenzhen Stock Exchange, Chana Automobile said its net profits in 2009 would be 1.05 billion to 1.15 billion yuan ($154 to 168 million). Its earnings per share would rise to somewhere between 0.45 and 0.49 yuan, a lot higher than 0.01 yuan in 2008.
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Chana Automobile opened at 11.89 yuan per share Thursday, the same as the previous closing. It then rose to 12.29 yuan in the morning session.
