Trade Resources Company News JMC Net Profit Down by 34.86% in the First Half Year

JMC Net Profit Down by 34.86% in the First Half Year

Tags: SUVs, Ford CVs

JMC biannual performance report was released on the night of July 27. During the time, the company has achieved operating receipt of 10.8 billion Yuan, down by 9.83% year on year; and its net profit for the first half year is 704 million Yuan, down by 34.86 year on year.

In the first half year, JMC delivered 121,008 units of vehicles, down by 10.78% year on year including 50237 trucks, 27819 pick-ups, 7607 SUVs, 31565 Ford CVs and 3780 export spare parts.

The company has achieved operating receipt of 10.8 billion Yuan from Jan to June, down by 9.83% year on year. And its operating profits were 540 million Yuan, down by 49.25% year on year. What affected the decrease were sales, price reduction and promotion fees glided considerably.

Source: http://www.chinatrucks.com/news/2016/0801/article_6309.html
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Topics: Transportation