www.chinabuses.org: In the first quarter 2011, the sales revenue of King Long Motor comes to 3.86 billion Yuan RMB, year-on-year growth of 25.73% and the net profit comes to 22.59% up.

In this quarter, King Long Bus sells 14995 vehicles, y/y growth of 17% and the growth rage is 31.85% for large buses, -4.27% for medium buses and 22.81% for light buses respectively. The growth speed of both revenue and profits for large buses is faster than that of sales volume due to the high unit price and the gross profit. In the background of sharp rise of raw materials, rate of gross profit only reduces 0.63 percentage over the same period of last year.

Source : www.chinabuses.org

Editor : Andrea

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Tags: King Long Bus light buses large buses