Geely Automobile (175.HKG) expects full-year profit to fall by half from last year thanks to the ruble’s depreciation and lower sales, Bloomberg reported, citing a statement by the company to the Hong Kong stock exchange. Depreciation of the ruble resulted in unrealized foreign-exchange loss from operations in Russia, and sales volume dropped 26% in the first 11 months of the year, led by a 49% decline in export markets, the company said. Geely’s full-year net income was RMB2.66 billion (US$430 million) in 2013, according to the company.
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