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Dongfeng Auto's H1 profit down 67.5%

Aug. 22, 2012 (China Knowledge) - Dongfeng Automobile Co Ltd<600006> has announced its net profit attributable to shareholders to plunge 67.52% YoY to RMB 95.67 million in the first half of this year.

Basic earnings per share were RMB 0.05, less than RMB 0.15 it realized in the same period of last year.

From January to June, the automaker saw its operation revenue at RMB 9.96 billion, reflecting a YoY decrease of 10.4%.

In the first half of this year, the company's auto sales dropped 10.8% from a year earlier to 149,000 units, including 95,000 units of light trucks and 15,000 units of buses and chassis, down 20.7% and up 24.6% YoY, respectively.

Meanwhile, Dongfeng Automobile sold 87,000 units of diesel engines in the first six months of this year, 34.2% lower than a year earlier.

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