Publications
Partners
Frankfurt - Volkswagen, the biggest European carmaker, reported Friday a strong operating profit of €4.8b ($6.7bn) for the first nine months of 2010 and said the full-year figure would see gains as well.
The nine-month figure was more than three times higher than the €1.5bn posted in the same period of 2009.
Sales rose to €92.5bn, a gain of 19.9%, a statement said before adding that the group did not expect growth to be as strong in the fourth quarter of the year.
VW said full-year sales and operating profit were nonetheless expected to mark significant gains owing to strong demand, especially in China.
But the fourth quarter would likely see more muted growth, a situation that VW executives have already mentioned.
Pre-tax profit for the nine-month period leapt to €5.44bn, a whopping gain from the 2009 figure of €1.07bn.
Pre-tax profit was boosted by €863m in contributions from investments that included joint ventures in the robust Chinese auto market and options linked to the takeover of the luxury sports car maker Porsche, VW said.
The nine-month figure was more than three times higher than the €1.5bn posted in the same period of 2009.
Sales rose to €92.5bn, a gain of 19.9%, a statement said before adding that the group did not expect growth to be as strong in the fourth quarter of the year.
VW said full-year sales and operating profit were nonetheless expected to mark significant gains owing to strong demand, especially in China.
But the fourth quarter would likely see more muted growth, a situation that VW executives have already mentioned.
Pre-tax profit for the nine-month period leapt to €5.44bn, a whopping gain from the 2009 figure of €1.07bn.
Pre-tax profit was boosted by €863m in contributions from investments that included joint ventures in the robust Chinese auto market and options linked to the takeover of the luxury sports car maker Porsche, VW said.
