financetom
Business
financetom
/
Business
/
China's BYD posts 11.5% rise in Q3 net profit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
China's BYD posts 11.5% rise in Q3 net profit
Nov 3, 2024 2:55 PM

BEIJING (Reuters) - Chinese electric vehicle maker BYD recorded a 11.5% rise in third-quarter net profit on Wednesday, as it maintained strong sales momentum helped by government trade-in incentives.

Net profit rose to 11.6 billion yuan ($1.63 billion) in the July-September quarter, while revenue grew by 24% from a year earlier to 201.1 billion yuan, the company said in a stock exchange filing.

For the first nine months, net profit was up 18.1% to 25.2 billion yuan.

($1 = 7.1215 Chinese yuan renminbi)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved