China Yuchai reports 2.3% y/y decline in Q1 net income to USD38.6 million
Company’s financial performance came under pressure amid 8.2% drop in number of engines sold in the quarter
China Yuchai International has reported a 2.3% year-over-year (y/y) decline in net income to CNY242.8 million (USD38.6 million) in the first quarter ended 31 March 2018, the Chinese engine supplier said in a press release last week. The company also witnessed 1.4% y/y drop in operating income to CNY424.2 million.
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