Net Profit of King Long Motor Grows 22.59% in the first Quarter 2011

www.chinabuses.org: In the first quarter 2011, the sales revenue of King Long Motor comes to 3.86 billion Yuan RMB, year-on-year growth of 25.73% and the net profit comes to 22.59% up.

In this quarter, King Long Bus sells 14995 vehicles, y/y growth of 17% and the growth rage is 31.85% for large buses, -4.27% for medium buses and 22.81% for light buses respectively. The growth speed of both revenue and profits for large buses is faster than that of sales volume due to the high unit price and the gross profit. In the background of sharp rise of raw materials, rate of gross profit only reduces 0.63 percentage over the same period of last year.

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