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CHINA: Dongfeng Motor H1 profit declines 23% on labour and logistics costs

By Graeme Roberts | 30 August 2011

Dongfeng Motor posted a net profit down almost 23% year on year to CNY295m (US$46.2m) in the first half of 2011.

The manufacturer blamed higher costs for labour and logistics as the reason for a dip in its bottom line, in addition to fuel costs.