Chery Automobile's Profit Falls in Q1; Shares Slip 5%

MT Newswires Live

04/29

Chery Automobile (HKG:9973) posted profit attributable to owners of the parent of 4.17 billion yuan for the first quarter, down from 4.65 billion yuan a year earlier, according to a Tuesday Hong Kong bourse filing.

Shares of the automaker were down over 5% in Wednesday afternoon trade.

Revenue slipped to 65.9 billion yuan from 68.2 billion yuan in the prior-year period.

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