BYD says Q1 net more than tripled on robust car sales

Newswire

HONG KONG, April 26 (Reuters) - BYD Co Ltd , a Chinese carmaker backed by U.S. billionaire Warren Buffett, said on Monday its first-quarter net profit more than tripled on strong car sales and a low comparison base. The company, which also makes and sells batteries and handset components, reported a net profit of 1.7 billion yuan ($249 million) for the January to March quarter against 480.4 million a year earlier, BYD said in its first-quarter results statement. Earnings per share were ...

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