Geely profit up 13% in 2011
Updated: 2012-03-26 14:42
(China Daily)
Domestic carmaker Geely posted a 13 percent gain in profit last year, Bloomberg reported recently.
The company's net income rose to 1.54 billion yuan ($181 million) from 1.37 billion yuan a year earlier, it said in a statement to the Hong Kong stock exchange last week.
Geely's vehicle sales increased 1 percent to 421,611 units in 2011. It has set a goal of 9 percent growth in sales to 460,000 units this year.
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