Brilliance China Automotive Posts Lower Mid-Year Profits

Brilliance China Automotive Holdings (HK:1114) has released an update.

Brilliance China Automotive Holdings Limited reported unaudited interim financial results for the first half of 2024, revealing a decline in profit to 1.47 billion RMB compared to 3.75 billion RMB in the prior year. Despite a slight increase in revenue, the company faced higher costs of sales, along with reduced other income and interest income. Earnings per share also fell from RMB 0.74211 in the first half of 2023 to RMB 0.29201 in the same period of 2024.

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