Qingling shares plunge after H1 net slumps

Newswire

HONG KONG, Aug 28 (Reuters) - Shares in Chinese light truck maker Qingling Motors skidded 12.61 percent to HK$0.97 on Wednesday afternoon, shortly after the mainland partner of Japan's loss-making Isuzu Motors reported its first half net profit fell 65 percent. Analysts had expected a sharp fall in Qingling's interim earnings because of shrinking margins amid fierce competition in China's automotive industry.

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