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Tenneco first quarter net profit of $ 47,000,000

U.S. auto parts supplier Tenneco (Tenneco Inc.) Recently said that the company's first quarter 2011 net income of $ 47,000,000, and the year-earlier net profit of only $ 7,000,000. In addition, the company also announced the outlook for the second quarter of this year.

    The company said its first quarter net sales and operating income of 17.6 billion U.S. dollars, while last year the company's revenue was 13.2 billion U.S. dollars.

    Tenneco "CEO ׸л (GreggSherrill) said:" We performed well in the first quarter, setting a new high-quarter revenues and net profit. This shows that we seize the opportunity to timely and has excellent operating performance. "

    Meanwhile, the company also released second-quarter 2011 outlook. Tenneco said the second quarter, the company will maintain a growth momentum in most markets. The company expects the second quarter of its business will be on the North American market rose 11%; in the Chinese market will be in the business rose 6%; in the Indian market will be in the business rose 16%; and its operations in South America the years rose 7%.
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