Mainland car maker Geely Automobile Holdings Ltd said on Sunday June sales rose 4 per cent from the previous month and 30 per cent from the same time last year.

The firm attributed the increase to a low base for comparison and continued strong demand for the high-priced models.

Geely said in a statement its two associates sold a total of 8,807 vehicles in June.

For the first six months, total sales rose 3.7 per cent on the year to 57,352 units, achieving 48 per cent of the firm's full-year sales volume target of 120,000 sales.

This suggested that the two associates are on track to hit their full-year sales target.

Geely shares slid 1.09 per cent to HK$0.455 on Friday, after tumbling nearly 30 per cent over the past year.

(HK Edition 07/12/2005 page3)

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