Geely profit rises 32pc as sales, exports surge

Chinese carmaker Geely said on Wednesday its last year net profit jumped 32 per cent, helped by recovering domestic sales and strong growth in exports. The owner of Swedish nameplate Volvo, Geely said its net profit for the year ended December 31, last year was 2.04 billion yuan (US$328 million), up from 2011’s 1.54 billion yuan, in a filing to the Hong Kong stock exchange where it is listed.

via Business feed http://www.scmp.com/business/companies/article/1195793/geely-profit-rises-32pc-sales-exports-surge