Porsche says profit over 1 bln eur for first time

Newswire

FRANKFURT, Sept 22 (Reuters) - German luxury carmaker Porsche said on Wednesday it had pretax profit of over 1 billion euros ($1.22 billion) for the first time in the year ended July 31. Sales for the year 2003/04 rose 13.9 percent from a year earlier to 6.35 billion euros, the company said. Vehicle sales rose 15 percent to 76,827 units.

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