BEIJING: China’s Geely Auto generated sales revenue of 1.38 billion yuan ($220 million) in the first half of 2015, a 36 percent surge year-on-year, according to its interim financial report.
The report shows that the automaker’s net profit reached 1.4 billion yuan in the period, soaring 26 percent year-on-year, and its gains per share stood at 0.15 yuan, a 26 percent increase year-on-year.
Despite the slowdown in the Chinese auto market, Geely sold 234,000 vehicles in the first half of 2015, a 50 percent rise from the same period last year.
It sold 17,900 vehicles in overseas markets, a 48.1 percent slump, which it attributed to fluctuations in the exchange rate of the Chinese yuan against currencies in its destination markets as well as political and economic situations in those countries.
