Holding in VW drives Porsche profit higher
Article Abstract:
Porsche AG of Germany posted soaring first half net profit to 1.05 billion Euros ($1.36 billion). Revenues for the first half decreased 2.9 percent to 3.02 billion Euros. Strong profits were due to the re-evaluation of a stake in Volkswagen AG and sales decreased slightly awaiting the launch of the next generation Cayenne sports vehicle.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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MAN sees more gains after net jumps
Article Abstract:
Fourth-quarter net profit for Germany's Maschinenfabrik Augsburg-Nurnberg AG (MAN AG) rose 33% to reach $490.8 mil, due primarily to strong demand for trucks. Revenue increased by 35%, while order intake was up 11%.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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