BYD's Q3 profit rises 28% on exports, but inventory swells 60%

Chinese carmaker BYD reported July–September net profit of ¥10.02 billion, up 28.1% year-on-year, as it shipped over half a million vehicles abroad in three months. Revenue rose 13.6% to ¥221.49 billion, its first yearly growth after four quarters of decline. However, profit missed analyst forecasts, inventory is up 60% since January and its cash pile has nearly halved.