STOCKHOLM: Geely-owned carmaker Volvo Car Group said on Thursday its operating profit rose 17.5 percent last year as growth for the brand in China and Europe drove sales to a record, offsetting the impact of an eroding market share in the United States.

The Gothenburg-based company, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said full-year operating earnings rose to 2.25 billion Swedish crowns ($302.00 million) from 1.92 billion in the previous year.

Revenues at the group rose to 129.96 billion crowns from a year-ago 122.25 billion.

Copyright Reuters, 2015