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

Fri Mar 14, 2008 11:42pm EDT
 
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 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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