China’s Biggest Truck Maker’s Profit Surges

Beiqi Foton Motor Co., China’s biggest maker of commercial vehicles, reported a jump in its first-quarter profit, Bloomberg reported Tuesday.

Net income rose to about $24 million, from about $9.5 million a year ago, the company said in a statement on the Shanghai stock exchange, Bloomberg reported.

Sales rose 29% to about $1.14 billion.

The increase was spurred by a construction boom that led to more sales of heavy-duty and pickup trucks, Bloomberg said.