Dongfeng Motor Group, China’s third-largest automaker, has announced an unaudited profit attributable to equity holders of RMB851.23m (US$124.6m) for the first quarter of 2009.
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The company posted a 7.2% rise in 2008 profit to RMB4.04bn ($591.2m) and said earlier this week its vehicle sales in May rose 6.44% year-on-year, behind a 34.02% gain in the overall market, according to Reuters.
Dongfeng, which which has auto making joint ventures with PSA Peugeot-Citroen, Honda and Nissan Motor gave no comparison figures or details of its first quarter results.
It added it had issued its first tranche of RMB2bn ($292.7m) one-year short-term debentures to institutional investors in China.
