Incentives drive Great Wall Motor

SHANGHAI - Great Wall Motor Co, China's largest maker of pickup trucks, said profit more than doubled last year as government incentives stoked demand for vehicles.

Net income rose to 2.7 billion yuan ($411 million), or 0.99 yuan a share, from 1.02 billion, or 0.37 yuan, in 2009 according to a Hong Kong Stock Exchange filing on Tuesday evening.

Sales gained 79 percent to 22.2 billion yuan. The company proposed a final dividend of 0.2 yuan a share.