Market Overview

BYD 2012 Net Profit Down 94%

Share:
Related BYDDY
Tesla And Its Chinese Equivalent Are Both Very Expensive To Short Right Now
Binary Options: How To Capitalize On Stocks Moving In China With Low Collateral
Auto sales in China set annual record (Seeking Alpha)

Chinese BYD Co (OTC: BYDDY) reported a 94% drop in its 2012 net profit.

BYD's net profit for the year tumbled to 81.4 million yuan (US$13 million), from CNY1.38 billion, in the year-ago period.

Its 2012 revenue dropped 4% to CNY46.85 billion versus CNY48.83 billion.

BYD shares closed at $6.38 on Friday.

Posted-In: profitEarnings News

 

Related Articles (BYDDY)

View Comments and Join the Discussion!