HONG KONG (Indonesia Today) – Great Wall Motor Company Limited, one of the largest automotive players in China, booked net profit of RMB2.35 billion in the first half ended June 30, 2012, an increase of 29.9% from the corresponding period of 2011 on strong sales.
Great Wall reported sales revenue of RMB18.3 billion in the period, grew 28.8% from the same period of 2011.
The company’s growth is substantially higher than the country’s average. According to the statistics of China Association of Automobile Manufacturers, sales volume of cars in China grew 2.93% to 9.59 million units in the first half of 2012. Sales of passenger cars grew 7.08% to 7.6 million units in the period.
Great Wall sold 262,018 units of automobiles, representing an increase of 20.03% as compared to 218,288 units sold in the