Volkswagen says net profit up by 60% in third quarter

The results were in stark contrast to the state of the number two European carmaker, French group PSA Peugeot Citroen, which said it was waiving dividends in return for state support.

VW said in its interim report that net profit amounted to 11.289 billion euros (US$14.595 billion) in the period from July to September, an increase of 60.4 percent over the year-earlier figure, as sales powered ahead by 26.8 percent to 48.848 billion euros.

Underlying or operating profit, on the other hand, fell by 19 percent to 2.343 billion euros in the third quarter.

Taking the first nine months, net profit was up 50.8 percent at 20.062 billion euros and sales rose by 24 percent to 144.226 billion euros, while operating profit slipped by 1.6 percent to 8.835 billion euros.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Facebook's mobile surprise allays growth fears

NEXT ARTICLE
Peugeot accepts terms for state support

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit