Volkswagen first-half operating profit up 10% on higher Volkswagen, Porsche sales
Reuters
Published Jul 25, 2019 01:59AM ET
Volkswagen first-half operating profit up 10% on higher Volkswagen, Porsche sales
FRANKFURT (Reuters) - Volkswagen Group (DE:VOWG_p) on Thursday said its first half operating profit rose 10.3% to 9 billion euros ($10.02 billion), buoyed by sales of higher-margin sports utility vehicles and a jump in demand for Porsche vehicles.
Higher demand for VW, Porsche and Skoda cars helped to offset a drop in Audi sales, the carmaker said.
Volkswagen confirmed its outlook for the year and said its operating return on sales rose to 7.2%, up from 6.8% in the year-earlier period.
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Written By: Reuters
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