China vehicle maker Great Wall H1 net dips 16.6 pct

Newswire

HONG KONG, Aug 19 (Reuters) - Chinese truck and sports utility vehicle maker, Great Wall Automobile Holding Co. Ltd. , said on Thursday that its net profit for the first half fell 16.6 percent on rising costs and lower sales as China's auto market slowed in recent months. Great Wall, the 11th-largest vehicle maker in China, reported net profit of 239.08 million yuan (US$28.87 million) in the six months ended June against 286.74 million yuan the previous year. Turnover fell more than one ...

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