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.SZ200550.SZ, based in the central province of Jiangxi, is 30 percent owned by Ford Motor Co. (F.N: Quote, Profile, Research, Stock Buzz). 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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