BUZZ-HK-listed Geely Automobile jumps on robust 2024 profit growth

Reuters
20 Mar
BUZZ-HK-listed Geely Automobile jumps on robust 2024 profit growth

** Shares of Geely Automobile Holdings 0175.HK jump 4.8% to HK$18.84, their highest since February 28, and on course for third consecutive session of gains

** Stock set for the biggest one-day rise since February 27; second-biggest gainer on Hang Seng China Enterprises Index .HSCE, which falls 2%

** Geely said its 2024 profit attributable jumped 213% y/y with revenue up 34% y/y and co proposed to pay a final dividend of HK$0.33 per share vs HK$0.22 each a year ago

** Hang Seng Automobile Index .HSAMI slips 0.3%, Hang Seng Index .HSI falls 1.8%

** Stock up 23.8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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