Caixin
Aug 30, 2022 03:53 PM
BUSINESS

BYD’s First-Half Net Income Triples to Top End of Forecast

Record output and sales shielded the carmaker from Covid disruptions and supply-chain pain. Photo: Bloomberg
Record output and sales shielded the carmaker from Covid disruptions and supply-chain pain. Photo: Bloomberg

(Bloomberg) — BYD Co.’s net income rose to the top end of guidance it gave last month as record output and sales shielded China’s biggest electric-vehicle maker from Covid disruptions and supply-chain pain.

Net income in the six months through June tripled from a year earlier to 3.6 billion yuan ($521 million), the Shenzhen-based company said in a filing Monday. BYD had forecast net profit of between 2.8 billion and 3.6 billion yuan.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code