Earnings puzzle solved at China's Brilliance

Newswire

By Alison Leung HONG KONG, May 22 (Reuters) - Chinese automobile manufacturer Brilliance China Automotive Holdings said on Thursday that most of its profits came from an unlisted subsidiary that sells parts to its flagship minivan unit in China. The comments from Brilliance, which is listed in Hong Kong and New York , appeared to explain discrepancies in its profits that had stumped stock analysts. Brilliance has been a favourite of many investors for its leading position in China and ...

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