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Geely H1 profits up

Geely Motors released its results for the first half of the year to shareholders last week, reporting a 9 percent year-on-year increase in profits to 1.02 billion yuan, making it one of the few domestic automakers to report a profit in the period.

Geely sold 222,000 vehicles from January to June, 4 percent more than in the first half last year. It exported 40,000 vehicles in the period, a remarkable rise of 199 percent, which partly offset impacts from its 0.3 percentage point decrease in market share.