BEIJING (Reuters) – Chinese electric vehicle giant BYD reported a 24.4% rise in first-half net profit on Wednesday despite faltering spending on big-ticket items in the world’s largest automobile market.
Net profit hit 13.6 billion yuan ($1.91 billion) for the January-June period, it said in a Hong Kong stock exchange filing.
($1 = 7.1252 Chinese yuan renminbi)
(Reporting by Qiaoyi Li, Zhang Yan and Kevin Krolicki; Editing by Jacqueline Wong and David Goodman)
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