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Shares of Yulon Nissan Motor Jump on H1 Results

Source: Taiwantrade | Updated: 04 September 2012

Yulon Nissan Motor reported first half net profit of US$ 94.5 million and earnings per share of US$0.315, sharply higher than for the same period last year, when it posted a net profit of US$40.56 million, or US$0.135 per share.

The car maker said the surge in first half earnings largely reflected the returns from its five subsidiaries in China, which have close business ties to Dongfeng Nissan Passenger Vehicle Co.

Dongfeng Nissan sold more than 450,000 cars in the six-month period, up 21 percent from a year earlier.

Earlier, Yulon Nissan Motor forecast Dongfeng Nissan will sell more than one million cars in 2012, up 25 percent from a year earlier.




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