Geely yr net up 47 pct, tapping China car mkt growth


HONG KONG, April 28 (Reuters) - Chinese car maker Geely Automobile Holdings Ltd. said on Thursday its 2004 net profit rose 47 percent as it stepped up investment in the world's fastest growing auto market. Geely, which makes low-priced vehicles under its own brand through associates, achieved only 73 percent of its revised sales target last year as growth skidded in the Chinese car market. It posted worse-than-expected net profit of HK$84 million (US$10.77 million) for the year to Dec. ...

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