Chinese battery giant CATL's H1 net profit up 153.6% y/y

FILE PHOTO: People walk past the booth of the battery manufacturer Contemporary Amperex Technology Co. Limited (CATL) at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo

BEIJING (Reuters) - Chinese battery giant CATL on Tuesday posted a 153.6% rise in first half profit.

Net profit for the six months ended June came in at 20.72 billion yuan, versus a revised profit of 8.17 billion yuan from a year earlier, according to the company's filing.

(Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Sam Holmes)