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BUZZ-Geely Automobile climbs to nearly 3-1/2-year high as quarterly profit soars

Reuters
05-15
BUZZ-Geely Automobile climbs to nearly 3-1/2-year high as quarterly profit soars

** Shares of Geely Automobile Holdings 0175.HK rise 2.7% to HK$19.66, their highest levels since January 2022

** Stock on course for a second session of gains, and is top pct gainer in the Hang Seng Automobile Index .HSAMI, which is down 0.7%

** Geely Automobile said its Q1 profit attributable to owners of the parent jumped 264% y/y to 5.67 billion yuan ($786.50 million), with revenue up 25% y/y and sales volume up 48% y/y

** The Hang Seng Commerce & Industry Index .HSNC drops nearly 1% while the Hang Seng Index .HSI declines 0.8%

** YTD, stock up 30.6%

($1 = 7.2092 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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