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Brilliance China Anticipates 34% to 36% Year-on-Year Profit Drop in H1 Due to Brilliance BMW's Performance Decline
2 day ago /
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Author：小编
On August 11, Brilliance China issued a profit warning, forecasting a 34% to 36% year-on-year decrease in unaudited profit before income tax expenses for the first half of the year. This anticipated decline is primarily attributed to the reduced performance of its associate company, Brilliance BMW. Conversely, the company expects unaudited profit after income tax expenses to rise by 10% to 13%, a result of the decrease in withholding tax stemming from lowered dividend distributions.
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