China's Geely Automobile Holdings Ltd said on Wednesday first-hal...
) said on Wednesday first-half net profit skid 40% amid a sustained downturn in the world’s biggest auto market, and it forecast an uncertain outlook for vehicle demand for the rest of the year.
UOB analyst Kenneth Lee had expected Geely to report a 4.78 billion yuan profit for the period, according to Refinitiv data. It sold 651,680 vehicles in the January-June period, around 15% lower than the same period of last year.
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