Dongfeng Motor Group posts interim results

Dongfeng Motor Group<489> posted its interim results yesterday with a net profit growth of 75.86%.

Net profit is RMB 2.091 billion for the period compared to RMB 1.189 billion for the same period last year. The net profit surge was partly due to a lower income tax expense for the period at RMB 64 million while last period's income tax expense was RMB 351 million. Also, revenue from sales increased 23.74% to RMB 28.81 billion. Earnings per share for the period were RMB 22.57 cents.

Dongfeng Motor Group Company Limited, through its subsidiaries, engages in the manufacture and sale of commercial vehicles, passenger vehicles, engines, and auto parts in China. The company manufactures heavy trucks, medium trucks, light truck, and also in the manufacturing of engines.