China Automotive Systems reports net income of USD2.37 million for FY 2018

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Financial results

Company forecasts full year 2019 revenue to reach USD510 million

China Automotive Systems (CAS) has reported a net income of USD2.37 million for the fiscal year ending 31 December 2018, compared with a net loss of USD19.3 million in the previous fiscal year, the China-based power steering components and systems supplier said on 28 March

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