China Yuchai International Limited (CYD), a China-based provider of diesel and gas engines, Monday reported a higher profit for the third-quarter on the back of reduced expenses. Revenue however, slipped due to lower demand in the commercial truck market.
For the quarter, the company posted net income of $17.5 million or $0.47 per share, up from $10 million or $0.27 per share in the prior-year period. Selling, general and administrative expenses were $55.7 million compared with $65.4 million a year ago. The operating income for the period has been $6.4 million versus a loss of $4.1 million for the same period last year.
Benny Goh, President of China Yuchai said the truck market has been weak as heavy-duty division continued to experience slower demand.
Revenue for the three-months was $485.2 million, down from $543.8 million a year ago, reflecting 8.5 percent decrease in the diesel engines sold by GYMCL at 97,328 units.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.