Geely Reports 17% Surge In Net Profit

Geely Automobile Holdings Ltd

reported a 17% rise in its first-half net profit. Geely's net profit for the period rose to CNY937.6 million, from CNY804.8 million, in the year-earlier period. Its revenue climbed 14% to CNY10.54 billion from CNY9.24 billion. Geely shares fell 2.92% to close at $5.99 on Friday.