BEIJING, March 30 (Reuters) - China's largest automaker SAIC Motor Corp said on Wednesday its fourh-quarter net profit rose 58.4 percent from a year earlier on strong car sales in the world's largest auto market.
SAIC booked October-December net profit of 4.15 billion yuan ($632 million), compared with 2.62 billion yuan a year earlier, it said in statement.
The results beat a consensus forecast of 3.68 billion yuan from three analysts polled by Reuters.
SAIC said in January it expected a more than doubling of its net income for 2010 after its annual vehicle sales increased 31.5 percent to 3.58 million units.
SAIC operates car manufacturing ventures with General Motors
and Volkswagen