Geely Automobile 2012 Profit Up 32%

Geely Automobile Holdings GELYY reported a 32% increase in its 2012 net profit. Geely Automobile's net profit for the year surged to 2.04 billion yuan ($328 million), from CNY1.54 billion, in the year-ago period. Its domestic sales came in flat at 381,575 vehicles. Geely Automobile shares closed at $9.48 yesterday.