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Global Markets: BYD posts first quarterly profit rise in over a year
Chinese automaker BYD has experienced its first profit growth in over a year, primarily fueled by a sharp increase in export sales. This international expansion effectively balanced out the lackluster results seen domestically. In the second quarter, BYD reported a remarkable year-on-year net profit increase of 29.8 percent, although revenue faced a slight decline of 3.2 percent during the same timeframe.
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channelnewsasia.com
BYD posts first quarterly profit rise in over a year
BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday posted its first quarterly profit rise in more than a year, helped by a surge in exports that offset weak domestic…
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BYD reports 20.5% drop in first-half profit
BEIJING, Aug 28 : Chinese electric vehicle maker BYD on Friday reported a 20.5 per cent drop in first-half net profit, as the world's largest EV maker by shipments faced a…
