BYD Electronic's Profit Unchanged in H1

MT Newswires Live08-29

BYD Electronic's (HKG:0285) profit remained consistent year over year at 1.52 billion yuan for the six months ended June 30, a Wednesday bourse filing said.

Earnings per share stood at 0.67 yuan during the interim period, the same as the year-ago figure.

The intelligent product solutions provider's revenue for the half year rose by 40% to 78.6 billion yuan from 56.2 billion yuan a year prior.

The company attributed the rise in revenue mainly to changes in the sales structure.

Shares of the company closed over 6% lower on Thursday.

Price (HKD): $27.65, Change: $-1.9, Percent Change: -6.27%

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