UPDATE 2-BYD H1 net plunges, blames weak sales, economy

Newswire

* H1 net profit 16.3 mln yuan vs 275.4 mln yuan yr-ago * H1 sales flat at 22.6 bln yuan * BYD shares down 2.8 pct in HK ahead of results BEIJING, Aug 27 (Reuters) - BYD Co Ltd , a Chinese carmaker backed by billionaire investor Warren Buffett, posted a 94 percent drop in first-half earnings, underperforming most of its rivals as sales sagged and its solar energy business lost money. The outlook remains challenging as China's autos ...

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