HONG KONG, April 26 (Reuters) - BYD Co Ltd (
The company, which also makes and sells batteries and handset components, reported a net profit of 1.7 billion yuan ($249 million) for the January to March quarter against 480.4 million a year earlier, BYD said in its first-quarter results statement.
Earnings per share were 0.75 yuan against 0.23 yuan.
Net profit came in above a JP Morgan profit forecast of 1.49 billion yuan or 0.65 yuan per share.
BYD, 10 percent owned by Buffett's Berkshire Hathaway (BRKa.N), said it sold 163,000 cars in the first quarter, or 20 percent of its 2010 sales target of 800,000. (Reporting by Alison Leung; Editing by Chris Lewis and David Holmes) ($1=6.827 Yuan)
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