BUZZ-Brilliance China drops on 2024 profit plunge

Reuters
03-24
BUZZ-Brilliance China drops on 2024 profit plunge

** Brilliance China Automotive Holdings 1114.HK drops 6.6% to HK$2.56; set for biggest one-day pct decline since March 4

** Stock hits lowest since March 17

** Co's 2024 revenue falls 2.3% y/y, profit attributable plunges 60% y/y

** Citi reiterates "buy/high risk" rating, saying Brilliance's FY24 net profit was in line with consensus

** Stock down 7.2% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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