Good Third-Quarter Results for Great Wall Motor with Strong Sales but Compressed Margin
Great Wall Motor reported strong third-quarter 2016 results, with revenue and operating profit of CNY 22 billion and CNY 2.7 billion, up 40% and 63% year on year, respectively. Year through September, revenue totaled CNY 63 billion, up 21% year on year, while operating profit totaled CNY 8.6 billion, up 17% year on year. Profit attributable was CNY 7.2 billion, up 16% year on year. The results are generally expected due to the low base effect of third quarter last year, as well as the front load...
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