BYD Reports 55.4% Drop in First Quarter Net Profit
BYD, a Chinese automaker, reported a 55.4% year-on-year decline in first quarter net profit attributable to shareholders, driven by falling revenue and rising finance costs. Operating revenue dropped 11.82% to 150.22bn yuan, while net cash flow from operations fell 67.48%.
Tickers: $BYD
Topics: Earnings Report Finance Costs Profit Decline R&D Investment Revenue Decline Short-term Borrowings