Porsche AG says it expects to report after-tax profits of €118 million ($149.7 million) during the first half of its fiscal year, which ends Jan. 31, a 15.7% increase over like-2003’s results. In a presentation at the auto maker’s annual general meeting, Porsche CEO Wendelin Wiedeking says he expects revenues for the first-half to total €2.82 billion (€3.58 billion), a 27.8% gain over year-ago’s €2.21 billion ($2.8 billion). Vehicle sales also are expected to rise during the period. The ...
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