German automobiles manufacturer, Volkswagen, tripled their net benefit from the 1st to the 3rd quarter of 2011, which reached €13.600 billion an almost 250 percent increase over the same reporting period for 2010. The rise in net profit is due to a jump in sales and its increased share in Porsche.
Volkswagen informed today that sales went up to 6.2 million vehicles, due to an improvement in every brand. Invoicing grew 25.6%, to €116.3 billion, and operations benefit improved 86% to €9 billion.
Volkswagen has earned in the first nine months of the year more than throughout the whole last year, when operations profit was €7.1 billion.
Volkswagen has also stated that it intends to keep its share of almost 20% in the Japanese automobile manufacturer, Suzuki.
No comments:
Post a Comment