BYD Co.’s profit rose for the first time in five quarters as surging exports and demand for some of its pricier models helped the world’s largest electric-vehicle maker overcome a downturn in China. Second-quarter net income climbed 30% from a year earlier to 8.2 billion yuan ($1.2 billion), according to figures derived from first-half earnings reported on Friday. That compares with the 8 billion yuan average of estimates compiled by Bloomberg.
Revenue slipped about 3% to 194.6 billion yuan.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing