American auto parts supplier Wei Shitong announced recently, the company made up deficits and increase surpluses in the fourth quarter last year, and the net profit was up 25% year on year in 2012.
In the fourth quarter last year, Wei Shitong’s sales reached $1.82b, up 5.6% year on year. The net profit achieved $39m, while the net loss was $26m in the same period of 2011.
In 2012, Wei Shitong’s cumulative sales reached $6.86b, down 9% compared to $7.53b in 2011; the net profit achieved $100m, rose 25% compared to $80m in 2011.
In addition, Wei Shitong predicts that the sales will reach $7.3b - $7.5b in 2013, and the EBITDA will achieve $620m -$660m.
Source:
