Shares In Chinese Billionaire's Automaker Geely Fall After Profit Drops 20%

Hong Kong-traded shares in Geely, the Chinese automaker controlled by billionaire Li Shufu, lost 0.6% in early trade today after the company said yesterday profit and sales both dropped in the first half from a year earlier. Sales fell by 32% to 10.1 billion yuan, or $1.6 billion, and net [...]

Topics:  hong kong-traded   geely   chinese   li shufu   shares   automaker   profit   billion   sales   
BING NEWS:
  • Geely to Sell $1.32 Billion of Volvo Truck Shares
    Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares, worth about 14.1 billion ...
    04/18/2024 - 8:23 pm | View Link
  • Geely to Sell $1.32 Billion of Volvo Truck Shares
    (Bloomberg) -- Shares of truckmaker Volvo AB dropped as much as 5.9% in Stockholm on Friday on news that China’s Zhejiang Geely Holding Group had sold the entirety of its Class B shares ...
    04/18/2024 - 8:23 pm | View Link
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