Geely, the owner of the Swedish Volvo car brand, has reported better-than-expected earnings for 2016, as net profit surged by 126 per cent to 5.1 billion yuan (US$739 million). Revenue jumped 78 per cent to 53.7 billion yuan. Photo Imaginechina

Geely pulls out of buying Malaysia’s Proton, as its profits surge by 126 per cent

Geely president An Conghui confirms Chinese firm is walking away from Malaysian takeover, as it reveals best financials in nine years

Topic |   Malaysia

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Geely, the owner of the Swedish Volvo car brand, has reported better-than-expected earnings for 2016, as net profit surged by 126 per cent to 5.1 billion yuan (US$739 million). Revenue jumped 78 per cent to 53.7 billion yuan. Photo Imaginechina
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