Profit

Profit

China's Geely Automobile 2020 profit drops 32per cent year-on-year

China's Geely Automobile 2020 profit drops 32per cent year-on-year

23/3/2021 8:01:00 AM

China's Geely Automobile 2020 profit drops 32per cent year-on-year

China's Geely Automobile Holdings Ltd said on Tuesday that its 2020 net profit fell 32per cent, as auto sales in the world's biggest market was ...

BusinessChina's Geely Automobile Holdings Ltd said on Tuesday that its 2020 net profit fell 32per cent, as auto sales in the world's biggest market was hit by the COVID-19 pandemic.FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Changi Airport COVID-19 cluster grows as family members, household contacts of previous cases test positive Singapore calls for de-escalation of violence in Israel and Gaza Singapore Red Cross raises more than S$3.2 million in donations to help India fight COVID-19

23 Mar 2021 12:30PMShare this contentBookmarkBEIJING: China's Geely Automobile Holdings Ltd said on Tuesday that its 2020 net profit fell 32per cent, as auto sales in the world's biggest market was hit by the COVID-19 pandemic.Geely Automobile, highest-profile Chinese automaker in the world due to investments in Volvo Cars and Daimler AG, posted 2020 profit of 5.53 billion yuan (US$850 million), versus 8.19 billion yuan in 2019.

AdvertisementAdvertisementOne analyst expected Geely to post a profit of 4.02 billion yuan, according to Refinitiv data.Revenue fell 5per cent from the previous year to 92.11 billion yuan.Geely Automobile sold 1.32 million cars last year, down from 1.36 million units in 2019. It expects to sell 1.53 million cars this year. headtopics.com

Read more: CNA »

Singapore sees ‘several important lessons’ from Tan Tock Seng Hospital COVID-19 cluster

SINGAPORE: Singapore has learnt 'several important lessons' from the COVID-19 cluster at Tan Tock Seng Hospital (TTSH), among them - that the ...

China generated over half world's coal-fired power in 2020 - studyChina generated 53% of the world's total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday. Although China added a record 71.7 gigawatts (GW) of wind power and 48.2 GW of solar last year, it was the only G20 nation to see a significant jump in coal-fired generation, according to research from Ember, a London-based energy and climate research group. China's coal-fired generation rose by 1.7% or 77 terawatt-hours, enough to bring its share of total global coal power to 53%, up from 44% in 2015, the report showed.

China 2020 census shows slowest population growth since one-child policyBEIJING: China's population growth in the decade to 2020 slumped to the least since a one-child policy was introduced in the late 1970s, adding ...

Philippines' defence secretary says China intends to occupy more South China Sea areasMANILA: The Philippines' defence secretary said on Sunday (Apr 4) that China was looking to occupy more areas in the South China Sea, citing the ... 4.4.2021 The dudirty legacy 👊 Chief we knew it from the very first time CCP drew the perforated line over the sea and reclaim the first island in front of your doorstep.

China embassy takes swipe at 'fusty' Japan over South China SeaChina's embassy in the Philippines has blamed 'some external countries' for stoking tensions in the region, in remarks aimed at Japan after its ...

Philippines, Vietnam press China over vessels massing in South China SeaPhilippine President Rodrigo Duterte expressed concern to China's ambassador about Chinese vessels massing in the South China Sea, his spokesman said, as Vietnam urged Beijing to respect its maritime sovereignty. International concern has grown in recent days over what the Philippines has described as a 'swarming and threatening presence' of more than 200 Chinese vessels that it believes were manned by maritime militia.