China Yuchai International (CYD) has released an update.
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China Yuchai International reported a robust first half of 2024, with revenue climbing by 12.4% to RMB 10.3 billion and engine sales increasing by 16.3%. The company also saw a significant rise in net profit by 34.7% and earnings per share by 34.6%. These financial gains reflect higher sales across the commercial truck and bus sectors, improved performance in the off-road markets, and the impact of ongoing cost-reduction efforts.
For further insights into CYD stock, check out TipRanks’ Stock Analysis page.
