Tianjin FAW Xiali Automobile, Toyota’s Chinese partner, has said it expected its net profit to rise 50 to 100% in the first nine months of 2006 from a year earlier, boosted by higher sales.
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The profit outlook compared to 149.42m yuan ($18.9m) in the nine months to the end of September of last year, FAW Xiali said in a statement cited by Reuters on Monday.
The news agency said the car maker in August posted a three-fold rise in first-half net profit and had said it expected its earnings to jump by roughly 200%.
