BYD Q1 Profit Jumps

China's

reported a jump in its net profit for the three months ended March. The company's net profit surged to 120.9 million yuan (US$19.4 million) in the latest quarter, versus a year-ago profit of CNY12.0 million. Its operating revenue rose 30.35 percent to CNY15.28 billion. For the first six months of the year, BYD projects a net profit of 400 million to 480 million, versus 360.7 million in the year-ago period. BYD shares gained 1.40 percent to close at $12.54 yesterday.