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Wonder Auto Q1 Net Income Increases 30%
Tuesday, May 05, 2009 10:04 AM


(Source: Datamonitor)trackingWonder Auto Technology, a manufacturer of automotive electrical parts and engine accessories in China, has reported that its net income increased $1.2 million or 29.8% to $5.2 million in the first quarter 2009, compared to $4 million in the same quarter of 2008.

The company's sales revenue for the first quarter 2009 increased 28.5% to $40 million, compared to $31.1 million in the first quarter of 2008. Gross profit increased 23.5% to $10.1 million from $8.2 million in the first quarter of 2008.

Qingjie Zhao, chairman and CEO of Wonder Auto, said: "Under current global recession, the auto industry in western countries dropped sharply, while in China and other emerging economies still remain growing. I foresee this momentum will continue. Wonder Auto is well positioned in this weather, and achieved remarkable results this quarter."

A service of YellowBrix, Inc.



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