Geely's Volvo Q1 profit rises, sees sales growth

Newswire

STOCKHOLM, May 12 (Reuters) - Volvo Car Corporation, owned by China's Zhejiang Geely, said on Thursday its earnings almost doubled in the first quarter and forecast sales at the Sweden-based carmaker would continue to grow this year.

Unveiling its first official results after the take-over by Geely, Volvo Car said in a statement its operating earnings rose to 640 million Swedish crowns ($103 million) in the first quarter, up 280 million crowns from the year-ago period.

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