BYD Co. 1st Half Net Profit up 29% on Higher Product Sales
August 26 2015 - 8:22PM
Dow Jones News
By Joanne Chiu and Chester Yung
HONG KONG--BYD Co. (1211.HK) expects a strong third-quarter
performance after the Chinese battery and car maker on Wednesday
reported a 29% rise in its first-half net profit, lifted by higher
car sales and strong demand for its handset products.
The company, which is 9.1%-owned by Berkshire Hathaway Energy, a
unit of Warren Buffett's Berkshire Hathaway Inc. (BRKA), said its
net profit for the six months ended June 30 totaled 467 million
yuan (US$72.9 million), while its first-half revenue rose 21% to
CNY30.44 billion. The company didn't recommend an interim
dividend.
Write to Chester Yung at chester.yung@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 26, 2015 21:07 ET (01:07 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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