Wanxiang Qianchao, the auto-part manufacturing flagship of Chinese billionaire Lu Guanqiu, said on Tuesday its net profit rose by 27% in the first quarter of 2014 from a year earlier to $29 million. Revenue increased by 9.6% to $372 million. The company didn’t provide an explanation for the increases. Wanxiang’s […]
Chinese Billionaire Lu Guanqiu's Auto-Part Flagship Says 1st-Qtr Profit Rose
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