BYD Q2 net up 3 pct y/y, down from Q1

Newswire

HONG KONG, Aug 22 (Reuters) - BYD Co Ltd , a Chinese carmaker backed by U.S. billionaire Warren Buffett, said on Sunday its second-quarter profit rose 2.6 percent from a year ago, but it fell from the previous quarter as China's booming car sales lost steam in a slowing economy. The company, which also makes and sells batteries and cellphone components, reported a net profit of 716 million yuan ($105.5 million) for the April to June quarter against 698 million a year earlier, it said in ...

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