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BYD 2012 Net Profit Down 94%

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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


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