Brilliance China Auto warns of loss for first half

Brilliance China Automotive Holdings Ltd (1114.HK) on Friday said it expected to post a loss for the first half, compared with a profit a year earlier.
 
During the first six months of 2009, sales volume of the Zhonghua sedans manufactured by China's eighth-largest carmaker did not reached break-even level as a result of a change in product mix, it said in a statement to the Hong Kong stock exchange.
 
"The company may consider partially writing off the value of intangible assets relating to Zhonghua sedans," it said.
From:Reuters

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