Geely Automobile Holdings, the Chinese carmaker whose chairman recently acquired a 9.7 per cent stake in Mercedes Benz owner Daimler, reported on Wednesday that 2017 net profit had more than doubled.
Hong Kong-listed Geely Automobile, a subsidiary of Zhejiang Geely Group, which also owns Volvo Cars and Lotus, said net profit for the 12 months to December surged 108 per cent year on year to Rmb10.6bn ($1.7bn) on growing demand for its sport utility vehicles. That was just above a Reuters poll of analysts forecasting net profit of Rmb10bn.
Revenue rose 73 per cent year on year to Rmb92.76.
您已阅读40%（593字），剩余60%（901字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。