BYD Q3 net down sharply on weak car sales, poor solar business

BEIJING/SHANGHAI Mon Oct 29, 2012 6:17am EDT

BEIJING/SHANGHAI Oct 29 (Reuters) - BYD Co Ltd , a Chinese carmaker backed by billionaire investor Warren Buffett, posted a 94 percent fall in third quarter net profit due to weak car sales and its money-losing solar energy business

During the September quarter, the company made a net profit of 4.6 million yuan ($736,100) versus 77.4 million yuan in the same period a year earlier, it said in a stock exchange filing.

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