UPDATE 1-China's Geely Auto posts sharp rise in H1 profits

Newswire

(Adds details and share price) HONG KONG, Aug 30 (Reuters) - Chinese car maker Geely Automobile Holdings Ltd. said on Monday its first half earnings rose about 60 times as its auto investments in China, the world's fastest growing auto market, boosted the bottom line. Geely, which makes low-priced cars in China, earned a net profit of HK$54.43 million (US$6.98 million) in the first six months versus HK$903,000 in the same period last year, when the firm started its auto business, it said ...

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