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.

Motor vehicles and car bodies, Automobile industry, Porsche AG, Company overview

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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%.

TRANSPORTATION EQUIPMENT, Transportation equipment industry, Maschinenfabrik Augsburg-Nurnberg AG

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