Dongfeng's net profits in first half of year just sort of 300m yuan

Gasgoo.com (Shanghai August 26) - Dongfeng Motor announced its performance results for the first half of the year earlier this week, p5w.net reported today. The manufacturer achieved a net profit of 295 million yuan ($46.23m) during the time period, 22.97 percent lower than attained in the first half of 2010. The manufacturer reported a stock value of .1473 yuan ($.0231) per share.

Dongfeng reported total returns of 11.11 billion yuan ($1.74b) in the first half of 2011, 14.8 percent than last year. The manufacturer cited rising labor and logistics costs as a reason behind its losses. Dongfeng also pointed the rising costs of gas.