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TABLE-China's Jiangling Motors 2007 net up 21 pct
March 15, 2008 / 3:45 AM / 10 years ago

TABLE-China's Jiangling Motors 2007 net up 21 pct

 SHANGHAI, March 15 (Reuters) - Year ended Dec. 31, 2007.
 (in millions of yuan unless stated, against 2006 figures):
                                 2007                   2006
 Turnover                    8,455.55      vs       7,654.74
 Net profit                    759.16      vs         628.93
 Earnings per share (yuan)       0.88      vs           0.73
 Assets per share (yuan)         4.09      vs           3.51
 Pre-tax dividend (yuan)         0.30      vs           0.30
 Company: Jiangling Motors Co. (000550.SZ)(200550.SZ), based in the central province of Jiangxi, is 30 percent owned by Ford Motor Co. (F.N). It makes and sells the JMC series of light trucks and pickups as well as Ford commercial vehicles and associated spare parts.
 Note: The company published audited results, compiled under domestic accounting standards, on Saturday.
 The number of vehicles sold by Jiangling reached a new record of 95,059 in 2007, rising from a previous record of 85,214 vehicles in 2006. The company made a total of 96,147 vehicles in 2007.
 Jiangling said its earnings rose in 2007, thanks to healthy growth in the automobile industry and the company’s expanded range of vehicle models.  ($1 = 7.0894 yuan)  (Editing by Ben Tan)  

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