HONG KONG -- 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, down 23.8% from a year earlier. It also forecast a decline of 20-25.2% in its net profit to 2.74 billion yuan to 2.93 billion yuan for the January-September period.
