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JAC sees sales up, profits dow

HEFEI, Anhui – Jianghuai Automobile Co., Ltd. (JAC) produced 33,454 and sold 33,757 passenger cars in January-July, up 419.39 and 379.09 percent respectively compared with the same months a year earlier, according to a company news brief on August 7.

With major contribution from the growth of passenger cars, production and sales of the Anhui-based automaker reached a total of 171,736 and 171,233 vehicles including MPV, SRV, light trucks, heavy-duty trucks and chassis in the first seven months of this year, up 21.70 and 22.03 percent year-on-year respectively.

The company’s half year report says it harvested ¥9.324 billion ($1.37 billion) in revenue in the first six months of 2009, up 1.8 percent year-on-year, while its profits in the first half shrank 31 percent to ¥115 million compared with the same period of the previous year, but better than an estimated plunge of 50 percent.



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