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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