Guangzhou Auto Reports Decreased Mid-Year Profits

Guangzhou Automobile Group Co (HK:2238) has released an update.

Guangzhou Automobile Group Co., Ltd. reports a year-on-year decrease in revenue and profit for the first half of 2024, with an interim dividend of RMB0.3 per 10 shares proposed to shareholders. The interim financial results are unaudited but have been reviewed by the company’s Audit Committee and are assured for accuracy by the management. The company cautions investors about the forward-looking statements, reminding them of the inherent investment risks.

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