Buffett’s BYD Profit Up to 200% as First Quarter 2013 Profit Trip
BYD for the first quarter of 2013 announced that earnings tripled from the third quarter of 2012, on the release of new automobile models. The company’s net profit increased to 112 million yuan for the January-to-March quarter, from 27 yuan a year previously. BYD was expecting net profit of 100 million to 140 million yuan.
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