Linglong Tire profits up 272%

Shandong Linglong Tire Co., Ltd. reports that its net profit rose 272 per cent year-on-year in the first nine months of 2016, with the company recording net profit on RMB 776 million (£90.7 million) during the period. Operating revenue rose 15.54 per cent year-on-year to RMB 7.4 billion (£886.9 million).