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GAC Group (02238) year net up 75% to Rmb11bn; div Rmb43 cts

  Guangzhou Automobile Group (02238) said its net 
profit attributable to owners for the year ended 31 December 2017 rose 75.02% year-on-year
to Rmb11,005 million.
  Basic and diluted earnings per share were Rmb1.68 and Rmb1.65.
  Revenue amounted to Rmb71,575 million, an increase of 44.84% from a year earlier. This 
was mainly due to the rapid growth in sales volume of the Group's self-developed brand 
model products and the rapid development of various businesses such as auto-parts and
automobile after-sales service in the upstream and downstream of the industrial chain.
  The proposed final dividend is Rmb43 cents (2016: Rmb22 cents) per share. The Board also
proposed to issue to all shareholders 4 shares for every 10 shares by way of conversion of
capital reserve. 

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