Geely trims outlook as virus slams brakes on sales
Geely's Hong Kong-listed shares drop 1% after the carmaker reports revenue fell 23% in first half
Shanghai — Chinese carmaker Geely said on Monday first-half net profit fell 43%, as the coronavirus outbreak slammed the brakes on vehicle sales in the world's biggest market.
Geely, China's highest-profile carmaker globally due to the group's investments in Volvo and Daimler, posted first-half profit of 2.3-billion yuan ($331.37m) against 4.01-billion yuan in the same period a year earlier. ..