Sales of JAC Motors grows 30% in Q3
Date:2012-08-14 Author:Eric Source:www.chinatrucks.com
www.chinatrucks.com: Sales of JAC Motors increased nearly 30% in Q2, and their net profits increased a lot. And this can be attributed to lower costs and sales of high-end vehicles and heavier vehicles.
Sales revenues in Q2 decreased by 17%, and the net profits decreased by 37%, namely 315 million Yuan, and this can be attributed to increasing investment costs.
But their profits amounted to 210 million Yuan in Q2, up 29%.
The better net profits are due to lower raw material costs and their high-end vehicle proportion increases such as Ruifeng passenger cars and Shuailing light truck.
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