Dongfeng Motor Group Flags Up to 95% Decrease in H1 Profit

MT Newswires Live

08/08

Dongfeng Motor Group (HKG:0489) expects its H1 profit to decrease by up to 95% year over year, according to a Hong Kong bourse filing Thursday.

Shares of the car maker rose over 3% in recent Friday trade.

The company expects to report 30 million yuan to 70 million yuan in attributable profit for the six months ended June 30, a decrease of 90% to 95% from a year prior.

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