Zhongtong Bus Net Profit in 3rd Quarter Increases 760%

www.chinaspv.com: On Oct. 21st, Zhongtong Bus released its 3rd quarter report of 2013. The report shows that operational revenue of 3rd quarter is 959 million Yuan, increasing 66.68% year on year. Net profit of shareholders is 40.4783 million Yuan, increasing 768.18% compared with the same period of last year. The net profit mentioned above with deduction of non-recurring profit and loss is 37.6016 million Yuan, increasing 1896.95% year on year.

Based on the report, Zhongtong Bus achieved operational revenue of 2.519 billion Yuan in the first three quarters, increasing 35.42% year on year. Net profit was 85.5686 million Yuan, increasing 176.52% compared with the same period of last year. The net profit mentioned above with deduction of non-recurring profit and loss is 80.3972 million Yuan, increasing 214.84% year on year.

The report said that the major reason of increase in the first three quarters is product structure adjustment and increasing sales of high-level buses. Due to the small base of 4.6624 million Yuan, which is the net profit in the first three quarters of 2012, net profit growth rate in 2013 is higher in some degree.
 

China Special Vehicle Adivsor

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