China Yuchai International Q2 Profit More Than Doubles - Quick Facts

(RTTNews) - China Yuchai International Limited (CYD) reported that its second quarter of 2013 net profit attributable to shareholders increased to RMB 166.3 million or US$26.9 million from RMB 67.1 million, or in the same quarter in 2012. Earnings per share for the quarter was RMB 4.46 or US$0.72 up from RMB 1.80 last year.

Net revenue for the second quarter of 2013 was RMB 4.25 billion or US$ 688.1 million up from RMB 3.43 billion in the second quarter of 2012.

The total number of engines sold during the second quarter of 2013 was 141,147 units compared with 109,329 units in the same quarter a year ago, representing an increase of 31,818 units, or 29.1%. This was mainly attributable to an increase in sales of engines for agriculture and truck applications. The increase in sales of commercial vehicles was mainly due to the pre-buying of trucks prior to the implementation of the National IV emission standards nationwide on July 1, 2013.

China Yuchai also announced that an interim cash dividend of US$0.10 per ordinary share for the financial year 2013 has been declared by its Board of Directors. The interim cash dividend will be paid on August 26, 2013 to shareholders of record as of the close of business on August 16, 2013.