TC

24/03/2017 16:40

Brilliance Chi (01114) year net up 5.4% to Rmb3.68bn; no div

    Brilliance China Automotive (01114) said its profit attributable to equity holders for the year ended 31 December 2016 rose 5.4% year-on-year to Rmb3,682 million.
  Basic and diluted earnings per share were Rmb73.103 cents and Rmb72.987 cents.
  The revenue was Rmb5,125 million, an increase of 5.4% from a year earlier.
  The percentage increase in cost of sales was slightly higher than that of revenue mainly due to an increase in the amortisation of intangible assets for new or revamped models. As a result, the gross profit margin of the Group has dropped from 4.3% in 2015 to 3.3% in 2016.
  No final dividend will be distributed.  

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