HONG KONG (Indonesia Today) – China ZhengTong Auto Services Holdings Limited, one of the largest players in Chinese premium automotive market, booked net profit of RMB351 million in the first half of 2012 on strong revenue growth.
According to the company’s financial statement, revenues surged 127.4% to RMB13.68 billion in the period, while gross profit jumped 89.7% to RMB1.19 billion.
ZhengTong handles Audi 4S, Porsche, Jaguar/Land Rover, BMW, Lamborghini, Cadillac, Benz, and Volvo.
Premium and ultra-premium brands contributed to 88% of total sales revenue in the first half, while middle market branded automobiles generated the balance. (Indonesia Today)