Huazhong In-Vehicle Holdings Company Limited Provides Earnings Guidance for the Year Ended December 31, 2016
March 16, 2017 at 02:19 pm IST
Huazhong In-Vehicle Holdings Company Limited provided earnings guidance for the year ended December 31, 2016. For the period, the Group is expected to have an increase in net profit by approximately 50% for the year ended 31 December 2016 as compared to the year ended 31 December 201 5, which was mainly attributable to booming automotive sales market, new car models launched, vigorous implementation of stringent cost controls and the increase in share of profit from the joint ventures.