Foton Predicts Net Profits in the First Three Quarters up 125%

www.chinabuses.org: Foton Motors (24.04,1.03,4.48%)（600166）announced on Tuesday night that they predicts that their net profits in the first three quarters will increased by 125% over last year.

 

Their net profits in the first three quarters last year were 698 million Yuan (104,911,000 USD) with earnings per share 0.762 Yuan.

 

Their sales of commercial vehicles increased by 17% over last year pulled by the overall commercial vehicle sales in China, adding that 15% income tax since October for Foton was deemed as high and new tech enterprise. The above two reasons contribute a lot for their profit growth. 

Related China Bus News

• BYD Delivers 100 Units of 12-Meter Electric Buses to Uruguayan Operator CUTCSA 09-26
• Ankai Bus: High Standards Escort World-Class Event 09-26
• Zhongtong H12 High-end Tourist Bus Officially Delivered to Jilin 09-25
• Ankai Empowers Smart Mobility with Innovative Technology 09-24
• Visiting Invitation: China Buses Expo 2024 in Shanghai China 09-20
• Foton eVIEW GRAND World Debut in Saudi Arabia 09-20
• Higer Bus Shines at the IAA Transportation 2024 in Hannover 09-19
• Zhongtong H13E Debuts at the 2024 IAA Transportation in Hannover 09-19
• First Appearance of Higer Bus at the IAA TRANSPORTATION 09-14
• Consul General of Australia in Shanghai Visits Bonluck Bus Company 09-14
• Shudu Bus Delivers 100 Buses to Nigeria 09-14