Porsche AG posts record profits for its 2004/2005 fiscal year, ended July 31, as the company reports under International Financial Reporting Standards (IFRS) for the first time. The Stuttgart, Germany-based auto maker says pre-tax profits totaled €1.24 billion ($1.45 billion), a 9% increase over year-ago’s €1.14 billion ($1.34 billion). Net after-tax profit for the period climbed 13% to €779 million ($913 million) from €690 million ($809 million) in the previous fiscal year. Earnings per ...

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