Geely 2017 net profit soars 108%

Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a $9 billion stake in Germany’s Daimler AG, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. The automaker, based in the eastern Chinese city of Hangzhou, said in a stock exchange filing that its 2017 net profit rose 108 percent to 10.6 billion yuan ($1.7 billion) from 5.1 billion yuan in 2016, slightly beating a forecast of 10 billion yuan from analysts polled by Reuters. The carmaker saw revenue rise 73 percent to 92.8 billion yuan from a year earlier. Zhengzhou Yutong Bus Co. In summer 2018, the second Flix-e-Bus will hit the road between Hessen and BadenWurttemberg, Germany, as part of the German domestic network expansion for summer travelers. For this route, all the e-buses will be supplied by Chinese bus maker BYD. the company will work with Guolian Aquatic, a shrimp aquaculture, feed and sales company based in the Guangdong port city of Zhanjiang, to offer seafood products under the Calmex and Ocean Garden brands. notes, the latest in a new series that showcase Switzerland’s scientific expertise, will go into circulation on Aug 22. The new series includes CHF 50, CHF 20 and CHF 10 notes that are already in circulation, as well as CHF 100 and CHF 1,000 notes that will be released in 2019. The overall theme is “the many faces of Switzerland” and each note is based on a different concept — time, light, wind, water, matter and language, according to the announcement. is 0.3 percent higher than the last economic prediction published by the entity. The bank predicted that in 2019 the country’s economy would grow by 2.3 percent and by 2.1 percent in 2020, which meant a 0.2 percent rise and a 0.1 percent increase respectively when compared with the last predictions. It emphasized that Spain’s economy was performing better than expected, pointing out exports, the political situation and budgetary policy as some of the reasons for the improvement.