BYD shares fall 4 pct ahead of Q2 results

Newswire

HONG KONG, Aug 20 (Reuters) - Shares in BYD Co Ltd , a Chinese carmaker backed by U.S. billionaire Warren Buffett, fell more than 4 percent on Friday on expectations that the firm will report slower growth in the second quarter. BYD is set to report April to June quarter results on Sunday and analysts polled by Reuters expect its net profit to fall to an average of 1.1 billion yuan ($162 million) from 1.7 billion yuan in the first quarter on lower car sales. It made a net profit of about ...

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