Tag Archives: profit increase

China’s BYD forecasts up to 91 percent profit

Chinese automaker BYD Co Ltdbacked by Warren Buffett’s Berkshire Hathaway Inc, on Sunday predicted an up to 91-percent profit increase in the first nine months of the year, as government policies drive green car sales. The Shenzhen-based company forecast an 83 percent to 91 percent rise in net profit for the first nine months, between 3.6 billion yuan ($539.8 million)

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