Porsche expects to sell over 90,000 cars this year

Newswire

FRANKFURT, Jan 27 (Reuters) - Germany's Porsche forecast on Friday vehicle sales would rise to more than 90,000 vehicles in its fiscal year to July after first-half sales and earnings beat analyst expectations. Earnings before taxes rose 11.3 percent to 274 million euros ($335.5 million), while profit after tax rose 13 percent to 167.5 million. Analysts polled by Reuters had on average expected first-half pretax profit of 249 million euros. Revenues rose 15 percent to 3.25 billion euros ...

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