Dongfeng Motor Group Flags Up to 95% Decrease in H1 Profit
MT Newswires Live
Aug 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.