Brilliance China Automotive (01114) said its profit attributable to equity holders for the six months ended 30 June 2016 dropped 5.7% year-on-year to Rmb1,802 million.
Basic and diluted earnings per share were Rmb35.782 cents and Rmb35.709 cents.
The revenue was Rmb2,486 million, an increase of 20.8% from a year earlier.
The proportionally higher increase in cost of sales as compared to the increase in revenue during the first half of 2016 was mainly due to a higher amortisation of intangible assets in relation to Huasong recorded during the period. As a result, the unaudited gross profit margin of the Group dropped to 2.4% in the first half of 2016 from 5.4% in the same period in 2015.
The proposed interim dividend is HK11 cents (2015: HK11 cents) per share, payable on 18 October 2016.
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