Geely Auto Beats Profit Forecasts As Exports Soar

Geely Automobile Holdings has reported 2012 revenue and profit results exceeding consensus estimates, reflecting soaring exports (+157% year-on-year) that more than made up for flat sales in China which resulted from more intense competition. Revenue in 2012 totalled Yuan 24,627.9m (US$3.92bn), a gain of 17.5% from the previous year’s total of It’s time to log … Continued

• By Megan Lampinen
• March 20, 2013