Net Profit of JAC Comes to 300 million Yuan, 32% up in the first Quarter 2011
28 April 2011
www.chinabuses.org: In the first quarter of 2011, JAC comes to the sales revenue of 9.474 billion Yuan, year-on-year growth of 17.2% and gains the net profit of 336 million Yuan, year-on-year growth of 31.8%.
In Jan.-Mar., the company sells 148400 vehicles, 17.0% up, including 20000 MPV vehicles (year-on-year growth of 9.4%), 52000 cars and SUV vehicles (year-on-year growth of 20.3%) and 62000 pick-ups (year-on-year growth of 11.7%). During this period of time, the sales costs reduce by 1.5 percentage to 4.2% and the administrative expenses rate decreases by 1.8 percentage to 2.9%, resulting from the increasing cost control.
In Jan.-Mar., the company sells 148400 vehicles, 17.0% up, including 20000 MPV vehicles (year-on-year growth of 9.4%), 52000 cars and SUV vehicles (year-on-year growth of 20.3%) and 62000 pick-ups (year-on-year growth of 11.7%). During this period of time, the sales costs reduce by 1.5 percentage to 4.2% and the administrative expenses rate decreases by 1.8 percentage to 2.9%, resulting from the increasing cost control.
Source : www.chinabuses.org
Editor : Andrea
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