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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.