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April 28, 2010

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BYD income soars

CHINA'S homegrown car maker BYD Automobile Co reported net profit more than tripled for the first quarter of this year.

First-quarter income ending in March totaled 1.7 billion yuan (US$249 million), up 255 percent from 480.4 million yuan a year ago, the Shenzhen-based car maker said in a filing to the Hong Kong stock exchange.

 

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