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Berkshire Hathaway Inc. Message Board

  • balak_joshi balak_joshi Aug 27, 2012 1:21 PM Flag

    BYD profit plunges 94%. Why does Munger still believe in it?

    Buffett-Backed BYD’s Profit Plunges 94% on Handset, Solar Units
    By Bloomberg News - Aug 27, 2012 9:00 AM PT .Facebook Share LinkedIn Google +1 0 Comments
    Print QUEUEQ..BYD Co. (1211), the Chinese carmaker partly owned by Warren Buffett’s Berkshire Hathaway Inc. (BRK/B), said first- half profit plunged 94 percent, dragged down by its solar-cell and handset units.

    Net income fell to 16.3 million yuan ($2.6 million) in the six months ended June 30, compared with 275.4 million yuan a year ago, BYD said in a statement to the Shenzhen stock exchange yesterday. Sales rose 0.2 percent to 22.6 billion yuan.

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140.56-0.72(-0.51%)Sep 19 4:03 PMEDT

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