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Pangda Group revenues up 3.5 percent in Q1 2014

BEIJING – Pangda Group revenues in the first quarter of this year rose 3.5 percent to ¥16.59 billion ($2.654 billion) compared to the same period of last year, reported Gasgoo.com recently.

But its net profit during the quarter dropped 66.4 percent to ¥79.97 million.

Additionally, Shenhua Holding revenues reached ¥1.444 billion, down 30.8 percent but Yaxia Auto ¥1.293 billion, up 18.9 percent.

Yaxia Auto net profit in the quarter was ¥17.75 million with a decline of 29 percent.

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