<a href="https://laohu8.com/S/BYDDY">BYD</a> profit declines for second straight quarter
BEIJING, Oct 30 (Reuters) - Chinese electric vehicle maker BYD 1211.HK002594.SZ posted a 32.6% fall in third-quarter profit from a year earlier, marking a second straight quarter of decline and the biggest fall in more than four years, as it faces increasing competition from domestic rivals.
Net profit totalled 7.8 billion yuan ($1.10 billion) while revenue dropped 3.1% year on year to 195 billion yuan, the first such decline in more than five years, according to a stock filing on Thursday.
($1 = 7.1230 Chinese yuan renminbi)
(Reporting by Qiaoyi Li, Zhang Yan and Brenda GohEditing by Tomasz Janowski)
((qiaoyi.li@thomsonreuters.com;))
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