Dongfeng Posts Drop In 2011 Net Profit - Dongfeng Motor Group Co (OTC:DNFGY)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Dongfeng Motor Group (OTC: DNFGY) reported a 4.6% drop in its annual earnings in 2011. Dongfeng's 2011 earnings fell to 10.48 billion yuan ($1.66 billion), versus analysts' estimates of 10.95 billion yuan. Its revenue rose 7.4% y/y to 131.44 billion yuan.Car sales in China surged 5.2% in 2011. However, Dongfeng sold 2.17 million vehicles in the period, up 11.7%.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!