CHINA: Power steering maker boosts Q3 operating profit 95%
Power steering specialist China Automotive Systems reported net income for the third quarter of 2007 $US2.6m, compared with $1.5m a year ago, a 68% increase. Gross profit for the third quarter of 2007 increased to $11.4m compared with $8.2m a 39% increase. Q3 operating income was $6.6m compared with $3.4m, up 95%.
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