20 September 2019

BYD 2013 net profit surges 580%, filing says

BYD Co. Ltd. (01211.HK) posted a net profit to 553.06 million yuan (US$89.29 million) in 2013, up 579.63 percent from a year earlier, it said in a filing to the Hong Kong Stock Exchange. Revenue was 49.77 billion yuan, up 12.14 percent. Basic earnings per share were 23 fen from 3 fen a year earlier. The board recommended a final dividend of 5 fen per share. The electric car maker expects net profit of 15 million yuan for January through March, down about 95.55 percent from a year earlier, due to changes in the government’s subsidy policy.

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