TABLE-China's Dongfeng Auto 2007 net flat

sábado 29 de marzo de 2008 04:57 CET
 

 SHANGHAI, March 29 (Reuters) - Year ended Dec. 31, 2007.
 (in millions of yuan unless stated, against 2006 figures):
                                 2007            2006
 Turnover                    12,791.74    vs  10,071.25
 Net profit                     489.33    vs     486.31
 Earnings per share (yuan)        0.2447  vs       0.2432
 Assets per share   (yuan)        2.79    vs       2.61
 Company: Dongfeng Automobile Co (600006.SS: Cotización) is a listed
unit of one of China's top three vehicle makers. It has a joint
venture with U.S.-based Cummins Inc (CMI.N: Cotización) to make diesel
engines.
 Note: The company published audited results, compiled under
domestic accounting standards. Year-earlier figures were
revised because of accounting rule changes.
 Excluding extraordinary items, net profit fell slightly to
484.37 million yuan ($69.1 million) from 488.59 million yuan.
 The company said it sold 150,038 vehicles in 2007, up 19
percent, slightly underperforming 22 percent growth in China's
overall vehicle market to 8.79 million vehicles. Dongfeng's
sales of diesel engines jumped 42 percent to 136,973 engines.
 In 2008, China's vehicle sales growth is expected to slow
to 13 percent, the company quoted an industry association as
saying.
 It said it would aim for sales of 174,700 vehicles and
136,200 engines in 2008, and to make 530 million yuan of profit
before tax and interest expenses on 16.2 billion yuan of
turnover.
 Dongfeng said it planned to pay a total cash dividend of
0.24 yuan per share, including 0.12 yuan carried over from
2006.
 ($1 = 7.01 Yuan)