Monday, July 30, 2007
Costs down and sales up works for VW
VOLKSWAGEN'S cost-cutting has paid dividends. The Germany Group saw earnings shoot-up 65% to euro 1.96bn in the first half, compared to the same period last year.
Pre-tax profits for the group in the first 6-months rose to euro 3.01bn ($4.13bn) from euro751m in the first six months of 2006.
Six-month sales rose 5.7% to euro54.8bn with the company reporting growing demand in Europe and Asia.
Audi, Seat, Skoda and Bentley all contributed, said the company.
DATED: 30.07.07
FEED: AW
Pre-tax profits for the group in the first 6-months rose to euro 3.01bn ($4.13bn) from euro751m in the first six months of 2006.
Six-month sales rose 5.7% to euro54.8bn with the company reporting growing demand in Europe and Asia.
Audi, Seat, Skoda and Bentley all contributed, said the company.
DATED: 30.07.07
FEED: AW
