Geely sees 2008 net profit rising significantly

Newswire

HONG KONG, Feb 5 (Reuters) - Chinese car manufacturer Geely Automobile Holdings Ltd said on Thursday it expects 2008 net profit to rise significantly on an improved product mix towards more higher-end sedans and increased profit contributions from its car-making units.

The company boosted its shareholdings in its car making units to 91 percent from 46.8 percent in the second half of 2008, it said in a statement.

For full statement, please click

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