BYD slips on warning of continued double-digit profit fall

Cut in subsidies hit China eco-car market, but management still bullish. Shares in BYD, China’s biggest manufacturer of environment-friendly cars, dropped sharply in Hong Kong on Tuesday, following the previous day’s release of its first-half earnings. BYD said Monday night that it logged a net profit of 1.72 billion yuan ($261 million) in the first six months of 2017, …

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