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Faw Xiali 2010 Earnings Up 76%
Published on: 2011-04-28
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April 27 -- Tianjin Faw Xiali Automobile (000927) posted a 75.8-percent increase in 2010 net profit to 300 million yuan, reports stcn.com, citing a company filing. Earnings per share (EPS) were 0.19 yuan. Sales revenue rose 15.45 percent to 9.891 billion yuan, with sales volume of 250,000 cars, up 17.97 percent.

The company launched the Weizhi V2, Xiali N5 and Xiali A+ models last year.

Xiali Automobile also said that its invested company Tianjin Faw Toyota Automobile might be affected by supply disruptions following the earthquake in northeastern Japan last month.

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