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September 26, 2017

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BMW second-quarter earnings jump 27% on new models, sales

BERLIN--Luxury car maker BMW says its net earnings jumped 27.2 percent in the second quarter as an improved model mix boosted the company's profitability and sales grew worldwide.

BMW AG said Tuesday that it earned 1.77 billion euros (US$2.38 billion) in the April-June period, up from 1.39 billion euros a year earlier.

Revenue rose 1.8 percent to 19.9 billion euros, a figure dampened by currency effects. The company sold 5.3 percent more cars, delivering 533,187 vehicles.

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