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China Automotive Systems Posts Q1 Profit as Sales Surge From Year Ago

05/12/2021 02:47

06:34 AM EDT, 05/12/2021 (MT Newswires) -- China Automotive Systems (CAAS) reported Q1 earnings of $0.10 per share after breaking even a year ago.

Net sales rose to $130.3 million from $73.6 million in the same quarter last year.

The Chinese automaker raised its revenue guidance for the full year to $485 million from $470 million.

Analyst estimates were not available.

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