Geely profits soar
By Zheng Yangpeng | China Daily | Updated: 2013-03-21 07:33
Geely Automobile Holdings Ltd, the publicly traded unit of China's biggest private automaker, has reported a strong sales performance for 2012, thanks to a doubling in exports.
The company's net profits climbed 32 percent to 2.04 billion yuan ($328 million), compared to 1.54 billion yuan in 2011. Total revenue rose 17 percent to 24.6 billion yuan.
It more than doubled its exports during the year, compared with a decline in local sales.
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