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BAIC Motor gains 17.45% year on year growth in Q1 operating income
2019-03-15 16:50:09
BAIC Motor Corporation Limited (BAIC Motor) said on April 30 that its operating income for the first quarter totaled RMB46.752 billion, growing 17.45% compared with RMB39.806 billion a year earlier. The Q1 net profit dropped 12.73% year on year to RMB3.552 billion, among which the net profit attributable to owners of the parent amounted to RMB1.232 billion with a double-digit decline of 22.77%. Besides, total operating costs by the end of March this year jumped 17.83% to RMB40.236 billion. To be specific, the quarterly operating costs (RMB33.649 billion), selling expense (RMB4.451 billion) and R&D costs (RMB98.433 million) surged 23.36%, 41.44% and 29.69% respectively from the year-ago period.
Miss.Dong Lu

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