Nexteer Automotive's H1 Profit Rises Year-on-Year; Shares Fall 5%

MT Newswires Live

08/14

Nexteer Automotive Group (HKG:1316) reported $63.5 million in attributable profit for the half ended June 30, increasing from $15.7 million in the year-ago period, according to a Hong Kong bourse filing Wednesday.

Earnings per share were $0.0025, compared with $0.0006 in the prior year.

Revenue for the period rose 7% year over year to $2.24 billion.

Shares of the automotive parts maker fell nearly 6% in late-morning trade Thursday.

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