Brilliance China Returns Profit in H1 as BMW Sales Rise

»Brilliance China Automotive Holdings (01114.HK) has reported a return to profitability at the net income level in the first six months this year driven by strong sale of MMW-Brilliance.

»First-half net profit hit 510 million yuan, compared with a loss of 386 million yuan in the same period of last year.

»Brilliance has 50 percent ownership in a joint investment with BMW. Sales of BMW 3-series and 5-series surged more than 50 percent from the previous year.

»Luxury car makers, including BMW benefits from China’s expanding demand for luxury cars and sport utility vehicles, which, according to JD Power and Associates, would expand to 530,000 units this year and 1,100,000 units in 2015.