Geely Automobile Holdings ( (HK:0175) ) has provided an update.
Geely Automobile Holdings Limited reported a substantial increase in its financial performance for the year ended December 31, 2024. The company achieved a 32% rise in sales volume and a 34% increase in revenue compared to the previous year. Notably, the profit attributable to equity holders surged by 213%, and earnings per share saw a significant rise of over 200%. The board has proposed a final dividend of HK$0.33 per ordinary share, reflecting a 50% increase from the previous year, pending shareholder approval. These results highlight Geely’s strong market demand and effective operational strategies, positioning the company favorably in the automotive sector.
More about Geely Automobile Holdings
Geely Automobile Holdings Limited is a major player in the automotive industry, primarily engaged in the manufacturing and sale of vehicles. The company focuses on producing a wide range of automobiles and has a significant market presence, particularly through its joint venture with Lynk & Co.
YTD Price Performance: 27.07%
Average Trading Volume: 69,034
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.31B
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