Reuters logo
BRIEF-Faw Car swings to net loss in 2016, scraps D021 project, plans engine projects
March 31, 2017 / 10:03 AM / 8 months ago

BRIEF-Faw Car swings to net loss in 2016, scraps D021 project, plans engine projects

March 31 (Reuters) - Faw Car Co Ltd

* Says it swings to net loss of 954.3 million yuan ($138.48 million) in 2016 versus net profit of 53.0 million yuan year ago

* Says it scraps D021 production project to avoid investment loss and optimize assets

* Says it plans engine projects with total investment of 357.7 million yuan

Source text in Chinese: bit.ly/2mV4KLS; bit.ly/2nqtEiD; bit.ly/2nlZ2Om

Further company coverage: ($1 = 6.8912 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below