Foton Predicts Net Profits in the First Three Quarters up 125%
21 October 2010
www.chinabuses.org: Foton Motors (24.04,1.03,4.48%)（600166）announced on Tuesday night that they predicts that their net profits in the first three quarters will increased by 125% over last year.
Their net profits in the first three quarters last year were 698 million Yuan (104,911,000 USD) with earnings per share 0.762 Yuan.
Their sales of commercial vehicles increased by 17% over last year pulled by the overall commercial vehicle sales in China, adding that 15% income tax since October for Foton was deemed as high and new tech enterprise. The above two reasons contribute a lot for their profit growth.
Source : www.chinabuses.org
Editor : Eric
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