China's Geely Automobile declines 35% profit in the first half of the year COVID-19 regulations resonate

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China's Geely Automobile declines 35% profit in the first half of the year COVID-19 regulations resonate

[SHANGHAI 18th Reuters] - The financial results for the first half of 2012 announced by Chinese automaker Geely Automobile on the 18th showed net profit down 35% to 1550 million yuan (228.3 million dollars). Sales fell due to China's strict novel coronavirus-related regulations, and production was also hindered. Sales increased 29% to 58180 million yuan. The number of units sold decreased, but it was compensated for by improvements in pricing an…