Wuling Motors' Profit Up Slightly in H1

MT Newswires Live08-26

Wuling Motors Holdings (HKG:0305) recorded a slight rise in attributable profit for the six months ended June 30 to 1.6 million yuan from 1.5 million yuan the previous corresponding period, an Aug. 22 bourse filing stated.

Earnings per share remained consistent year over year at 0.0005 yuan for the first half.

The new-energy vehicle company's revenue for the interim period fell by 23% to 3.93 billion yuan from 5.08 billion yuan during the year-ago period, mainly due to a decline in business volume of the vehicles' power supply system division.

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