China Car Forums banner
1 - 1 of 35 Posts

· Registered
265 Posts
China's Dongfeng Auto Q3 net profit up 32.15 pct on higher sales of engines

BEIJING (XFN-ASIA) - Dongfeng Automobile Co Ltd's third-quarter net profit was 84.14 mln yuan, 32.15 pct more than a year before because of increased sales of diesel engines, the company said.

The company is the listed unit of Dongfeng Motor Corp. It makes light trucks, diesel engines and castings.

Dongfeng Automobile said in a statement to the Shanghai Stock Exchange that it had sold 31,045 vehicles in the third quarter, 31.77 pct more than a year before.

Sales of diesel engines rose 63.29 pct to 23,632 because of rising domestic sales of heavy trucks.

Core revenue rose 37.09 pct to 2.45 bln yuan.

Earnings per share rose to 0.042 yuan from 0.03 yuan.

The company gave no forecasts of earnings for this year.

Its assets were 10.48 bln yuan at the end of last month, 7.56 pct more than at the end of last year.

Dongfeng Automobile has a 50-50 joint venture with Nissan Motor Co and a 50-50 joint venture with Cummins Inc of the US.

(1 usd = 7.90 yuan)
1 - 1 of 35 Posts