% | $
Quotes you view appear here for quick access.

Geely Automobile Holdings Ltd. Message Board

  • tmike409 tmike409 Apr 16, 2009 9:56 AM Flag

    Geely Earnings Up - Dividend Increased

    Great news for Geely. Sales up over 191% for 2008 over 2007, dividend increased.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • They increased the dividend? Last year they stated it would be the LAST time they pay it. The link you had I couldn't open up. Does it state that in your link that they are still paying it?


      • 1 Reply to toegar2000
      • Sorry you couldn't open the link. You might want to try again. I have copied a small portion of the release.

        (HONG KONG, 16 April 2009)--- Geely Automobile Holdings Limited (“Geely
        Automobile”/the “Group”)(Stock code: 175) announced the annual results for the year
        ended 31 December 2008. The Group recorded a record growth in revenues to
        RMB$4,289 million in 2008, up 3,156% from 2007. Profit attributable to the equity holders of
        the group amounted to RMB$879 million, representing a significant increase of 191% over
        2007. Basic earnings per share for the year ended 31 December 2008 was approximately
        RMB$15.04 cents (2007: RMB$6.14 cents). The Board of Directors recommended the
        payment of final dividend of HK$1.6 cent per share for 2008 (2007: HK$1.3 cent). 2008 was
        the Group’s best performing year in its history in terms of both sales and profitability. The
        strong performance was partly due to the higher shareholdings in these operating entities,
        the Group’s five operating subsidiaries – Zhejiang Geely Automobile Company Limited
        (“Zhejiang Geely”), Shanghai Maple Guorun Automobile Company Limited (“Shanghai
        Maple”), Zhejiang Kingkong Automobile Company Limited (“Zhejiang Kingkong”),
        Zhejiang Ruhoo Automobile Company Limited (“Zhejiang Ruhoo”) and Hunan Geely
        Automobile Components Company Limited (“Hunan Geely”) – (collectively, “operating
        subsidiaries”), from 46.8% to 91% after the completion of the acquisitions in July 2008.
        Moreover, the continued success achieved by the operating subsidiaries’ Strategic
        Transformation, also resulted in improvement in product mix towards higher-end sedans,
        and product price stability during the period. The “Strategic Transformation” has so far
        yielded very positive results, as evidenced by the tremendous success of a new economy
        car platform – the “Geely Panda” – launched in November 2008 and the significant
        improvement in brand recognition and customer satisfaction by Geely’s products as
        indicated by the recent results of major industry surveys in China’s sedan market.

0.67+0.03(+4.51%)Jul 28 3:50 PMEDT