BEIJING (Reuters) – Chinese electric vehicle battery giant CATL increased first-quarter net profit by 32.9% year on year, a stock market filing showed on Monday. CATL reported net profit of 14 billion yuan ($1.91 billion) for the January-March period on revenue up 6.2% at 84.7 billion yuan. ($1 = 7.3119 Chinese yuan renminbi) (Reporting by […]
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Chinese battery maker CATL’s first-quarter net profit jumps 33%
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BEIJING (Reuters) – Chinese electric vehicle battery giant CATL increased first-quarter net profit by 32.9% year on year, a stock market filing showed on Monday.
CATL reported net profit of 14 billion yuan ($1.91 billion) for the January-March period on revenue up 6.2% at 84.7 billion yuan.
($1 = 7.3119 Chinese yuan renminbi)
(Reporting by Beijing Newsroom; Editing by David Goodman)