China Automotive Raises 2009 Revenue Outlook

20 August 2009

China Automotive Systems Inc., which makes vehicle steering systems and components, raised its full-year revenue guidance on Wednesday after posting a higher second-quarter profit.


The company said it now expects revenue to increase more than 20 percent for the year. That implies it expects revenue to climb to at least $195.8 million from $163.2 million in 2008.


Previously, the company expected revenue to increase between 10 percent and 15 percent.


The Wuhan, China-based company also said its second-quarter profit increased 28 percent.


Shares of China Automotive closed Wednesday at $7.99.

Source : internet

Views:5032

Tags: China Automotive Raises 2009

Share :
China Buses Contact

Please leave your questions and suggestions.

Latest News
More +