China Yuchai Q1 Profit Up - Quick Facts

(RTTNews) - China Yuchai International Ltd. (CYD) reported Monday a rise in profit as well as revenues for the first quarter.

China Yuchai owns 76.4 percent of Guangxi Yuchai Machinery Company Ltd., a manufacturer of diesel engines in China.

For the three months to March, profit increased to $38.65 million or $0.78 per share, from $37.8 million or $0.76 per share a year ago.

First-quarter revenues advanced to $739.71 million from $618.25 million in the same quarter last year. The company sold 151,909 engines during the first quarter, a 16.2 percent rise from 130,744 a year earlier, mainly reflecting higher sales of engines for trucks and agriculture applications.

Weng Ming Hoh, President of China Yuchai, announced a dividend of $1.20 per ordinary share for the financial year 2013, payable wholly in cash or in new shares at the option of the stockholder.