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HONG KONG (AP) - Brilliance China Automotive Holdings Ltd., China's largest minibus maker, said Monday its 2004 net profit fell 95 percent amid declining demand caused by the government's economic cooling measures.
Intensified price competition also depressed earnings, the company said.
Net profit totaled 48.6 million Chinese yuan ($5.87 million), down from 936.4 million yuan in 2003, the company said. Revenue fell to 6.54 billion yuan ($790 million) from 10.11 billion yuan last year.
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