China’s Dongfeng Automobile has reported a fall in its third quarter net profits, despite a rise in turnover.
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The Chinese group, controlled by China’s third-largest vehicle maker, Dongfeng Motor, reported that net profits fell to Y66.11m compared to Y106.68m for the same period last year.
Turnover, however, rose to Y3.46bn compared to Y3.14bn, a year earlier.
The company, which produces pickups, buses and light trucks, reported that earnings per share fell to Y0.033 from Y0.533.
According to local reports, the company gave no specifics as to why income had fallen.
