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Geely Automobile Holdings posts HY net profit of RMB4.34 bln

Wednesday, 16 Aug 2017 12:03am EDT 

Aug 16 (Reuters) - Geely Automobile Holdings Ltd <0175.HK>:HY total revenue RMB 39.42 billion versus RMB 18.09 billion.HY net profit RMB4.34 billion versus rmb 1.91 billion.It is envisaged that group's exports business would continue to be operated at current restricted scale in remainder of 2017.In short to medium term, group will continue to restructure its distribution network in overseas markets.Board resolved not to pay an interim dividend to company's shareholders.Decided to revise upward our original full year sales volume target by 10 percent from 1 million units to 1.1 million units in July 2017.Targeting to reach total sales volume of 2 million units by year 2020.