BEIJING, Aug 18 (Reuters) - China's Geely Automobile Holdings Ltd (0175.HK) said on Wednesday its first-half net profit grew 4%, as the world's biggest car market recovers.
Hangzhou-based Geely, China's highest-profile automaker globally due to the group's investments in Volvo Cars and Daimler AG (DAIGn.DE), posted January-June profit of 2.38 billion yuan ($367.20 million), versus 2.3 billion yuan in the same period a year earlier.
Geely Automobile sold 630,237 cars in the first six months this year, up 19% from a year earlier, as auto sales in the world's biggest market recover from the COVID-19 pandemic. The company expects to sell 1.53 million cars this year.
Geely's revenue rose 22% to 45 billion yuan in the period.
BEIJING, Aug 18 (Reuters) - China's Geely Automobile Holdings Ltd (0175.HK) said on Wednesday its first-half net profit grew 4%, as the world's biggest car market recovers.
Hangzhou-based Geely, China's highest-profile automaker globally due to the group's investments in Volvo Cars and Daimler AG (DAIGn.DE), posted January-June profit of 2.38 billion yuan ($367.20 million), versus 2.3 billion yuan in the same period a year earlier.
Geely Automobile sold 630,237 cars in the first six months this year, up 19% from a year earlier, as auto sales in the world's biggest market recover from the COVID-19 pandemic. The company expects to sell 1.53 million cars this year.
Geely's revenue rose 22% to 45 billion yuan in the period.
Source Reuters