Brilliance China Automotive Holdings (HKG:1114) expects a profit decrease of about 60% for 2024 , as compared with a year earlier, according to a Friday filing with the Hong Kong bourse.
The company attributed the decline in profit to the lower performance of BMW Brilliance Automotive and a 1.47 billion yuan withholding tax on subsidiary dividends.
The manufacturer and seller of BMW vehicles in China plans to publish its annual results on March 21.
The company's shares were up 3% at the close of trading.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。