China: BYD sees profits slump in Q4 2010

BYD Company Ltd, which encompasses the group's vehicle manufacturing business, has reported financial results for 2010, showing a further significant fall in profitability in the final quarter of the year. The group generated Q4 2010 revenue of Yuan 12.18bn (US$1.85bn), down 7.1% from the Q4 2009 total of Yuan 13.11bn, while Subscribe to Automotive World … Continued

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• March 14, 2011