CHINA Yuchai International, which controls the mainland's largest diesel engine-maker, has recorded a 78.6 per cent increase in net income for the first six months of this year.
The company, which is listed in New York, said net income was 206.22 million yuan (about HK$191.85 million) against 115.46 million yuan a year earlier.
Company president John Wong said the group was able to overcome tough adversity in the market, partly because of a recommendation from China's Public Security Bureau (PSB) making it effectively the country's leading diesel engine-maker.
'Buoyed by demand from this market segment, the company expects the encouraging trends in the retrofit market to continue,' he said.
Mr Wong said tough market conditions prevailed in China. He cited a seasonal downturn in the truck industry, and the overall tightening of monetary credit in the country as having an adverse effect on business.
The company instituted its own tight controls on spending and has stepped up its marketing efforts.
