Rover losses undermine BMW's profit

Article Abstract:

BMW posted a decline of 6.6% in its revenues for the 1999 year. The car maker posted 34.3 billion euros in revenues. The losses at BMW's Rover subsidiary will translate into flat earnings for 1999.

---

BMW's profit jumps by 62% despite slowing economy

Article Abstract:

Bayerische Motoren Werke AG announced a "significant improvement" in the earnings for 2001, after beating analysts' second-quarter forecasts. The car maker announced that profit from ordinary activities increased 62% to Euro847 million during the second quarter over the same period a year earlier. Sales adjusted for the sale of its Rover unit rose 28% to Euro10.61 billion.

---

BMW net falls 28%; Rover losses grow

Article Abstract:

Bayerische Motoren Werke AG (BMW) posted a 28% decline in its net profits for the 1998 year. The company attributed the lower profits to the "considerably increased" losses suffered at its Rover unit. BMW's core brand however, did see strong growth in earnings. The car maker's net profits dropped to 903 million deustschemarks ($507.7 million) for the year ending on December 31, 1998.

Comment:

Posts 28% decline in net profits for the 1998 year

Abstract

Similar abstracts:

• Abstracts: Air France's net profit jumps in spite of higher fuel prices. KLM net gets off the ground as prices rise
• Abstracts: Tyco's profit rose 39% in 4th quarter despite weak euro. Tyco net rose 29% in first quarter on strong demand. Tyco beat income forecasts in quarter
• Abstracts: Capital investments slows in Asia. Hong Kong invests for the future
• Abstracts: UPS will restate its recent earnings to reflect change. UPS net surged 22% despite higher fuel prices. UPS earnings rise 37%, but stock is pummeled
• Abstracts: Vedior to acquire Select in E1.74 billion deal. Brunel, Unique unveil proposal to merge

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.