BEIJING: China's Geely Automobile Holdings Ltd said on Monday lower sales drove its 2019 net profit down 35%, as China's overall auto market suffered a prolonged slump last year.
China's most globally high-profile automaker - due to parent Zhejiang Geely Holding Group Co Ltd's investments in European manufacturers Volvo Car and Daimler AG - posted full-year net profit of 8.19 billion yuan (US$1.15 billion) versus the previous year's 12.55 billion yuan.
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