Guangzhou Automobile (2238) issued positive profit alert ----------------------------------------------------------------- Guangzhou Automobile expects its net profit for 2013 to increase 100-150%, as the Chinese automobile market improved and the company launched new models of automobiles, resulting in strong growth in sales volume. However, the profit growth was actually lower than market expectations. According to Bloomberg’s consensus, the market had expected a 160% growth in net profit for 2013. Michael TAM, CFA.
Posted on: Tue, 28 Jan 2014 02:11:32 +0000
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