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China's Changan posts soaring net profit in 2009
(Xinhua)
Updated: 2010-03-10 16:29
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Chongqing Changan Automobile Co, Ltd (Changan), one of China's biggest carmakers, Tuesday reported its net profit surged by 4,323.36 percent last year.
The increase in sales was driven by the country's car boom, according to the report. Changan is a China partner of Ford Motor Co and Mazda Motor Corp of Japan.
Shares of Changan opened up at 12.93 yuan Tuesday compared with 12.64 yuan at the previous closing on the profit figures.
