Trans-China Automotive Trims Loss in H2 2024; Shares Up 4%

MT Newswires

02/24

Trans-China Automotive's (SGX:VI2) loss for the second half of 2024 by 62% to 29.0 million yuan from 76.2 million yuan a year earlier, according to a filing with the Singapore Exchange on Monday.

Loss per share came in at 0.05 yuan, compared with 0.13 yuan in the comparable period.

Meanwhile, revenue declined 32% year over year to 1.20 billion yuan from 1.77 billion yuan, as automobile sales declined during the period.

Shares of the automobile seller were up over 5% in recent trading.

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