Key Developments: BYD Co Ltd (1211.HK)
18 Dec 2013
Latest Key Developments (Source: Significant Developments)
BYD Co Ltd announced that it expects its net profit for fiscal year (FY) 2012 to be approximately RMB 27.69 million to RMB 110.77 million, or to decrease by 92%-98%, compared to that of FY 2011 (RMB 1,384,625,000). The Company cited the downturn of domestic macroeconomics situation, slowdown of market demand and intense market competition as the main reasons for this forecast. Full Article
BYD Co Ltd announced that the board has not recommend the payment of interim dividend for the reporting period (For the six months ended June 30, 2011: Nil). Full Article
BYD Company Limited announced that it has issued RMB 3,000 million worth of corporate bonds, each with par value of RMB 100, with a coupon rate of 5.25%. Full Article
SHANGHAI, Oct 29 - Chinese carmaker BYD Co Ltd , backed by U.S. billionaire Warren Buffett, forecast 2013 profit may rise more than seven-fold from last year, after the company posted robust quarterly results that beat analyst estimates.