Dana Holding Corporation has announced the financial report for the first half of the year, as follows:
In the second quarter of this year, Dana’s operating income fell from US$1.8 billion in the same period last year to US$1.71 billion, a decrease of 5.0%; in the second quarter, EBITDA decreased by 1.3% from the same period last year to US$150 million; Net profit for the quarter was $90 million, which was 6.2% lower than the $96 million in the same period in 2013.
In the second quarter of the year, the Power Technologies Division was one of the largest companies in the business sector. It once again became Dana’s only unit with sales growth. In the second quarter sales reached US$280 million, an increase of 4.1% year-on-year; Second-quarter sales were US$640 million, down 5.5% year-on-year; sales of commercial vehicle and off-road vehicles were US$460 million and US$340 million, respectively, which were also down 7.0% and 7.5% respectively from the same period of last year.
In the first half of this year, Dana’s operating income was 3.4 billion U.S. dollars, which was 2.2% lower than the 3.48 billion U.S. dollars in the same period of last year. In the first half of the year, Dana’s pre-tax profits increased from 240 million U.S. dollars in the same period last year to 250 million U.S. dollars, an increase of 2.8%. In the first half of the year, Dana’s net profit was 130 million U.S. dollars, which was 13.0% lower than the 150 million U.S. dollars in the same period of last year.
In the first half of this year, the power technology department's business maintained a steady growth, and other departments' businesses all experienced different degrees of decline. In the first half of the year, the sales of power technology department reached 550 million U.S. dollars, up 5.2% year-on-year. In the second quarter, the sales volume of light vehicle drive systems division was 1.25 billion U.S. dollars, down 2.9% year-on-year. Sales volume of commercial vehicle and off-road vehicle business divisions were respectively It was 920 million U.S. dollars and 680 million U.S. dollars, also down 3.7% and 4.3% respectively from the same period of last year.
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