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2718 Shanghai Dongzheng Automotive Finance Co News Story

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Brief: Shanghai Dongzheng Automotive Finance Sees Unaudited Net Profit From RMB108 Mln To RMB162 Mln For Year

March 17 (Reuters) - Shanghai Dongzheng Automotive
Finance Co Ltd  2718.HK :
    * SHANGHAI DONGZHENG AUTOMOTIVE FINANCE CO LTD SEES
UNAUDITED NET
PROFIT RANGING FROM RMB108 MILLION TO RMB162 MILLION FOR YEAR
    * SHANGHAI DONGZHENG AUTOMOTIVE FINANCE SEES REVERSAL OF
IMPAIRMENT LOSSES UNDER EXPECTED CREDIT LOSS MODEL FROM RMB505
MILLION TO RMB559 MILLION FOR YEAR
    * SHANGHAI DONGZHENG AUTOMOTIVE FINANCE SEES DECREASE IN NET
INTEREST INCOME OF RMB130 MILLION FOR YEAR


Further company coverage:  2718.HK

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