Geely's Attributable Profit Surges 264% in Q1

MT Newswires Live
05-15

Geely Automobile's (HKG:0175) attributable profit surged 264% to 5.67 billion yuan in the first quarter from 1.56 billion yuan in the year-ago period, according to a Thursday filing with the Hong Kong bourse.

Revenue at the automobile manufacturer grew 25% to 72.50 billion yuan from 58.23 billion yuan in the year-ago period as sales in the first quarter jumped 48% annually to 703,800 units from 475,700 units.

Shares rose over 1% during afternoon trading on Thursday.

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