Skoda Auto 9-month net profit, revenue fall

Newswire

PRAGUE, Oct 31 (Reuters) - Car maker Skoda Auto, a unit of Germany's Volkswagen AG and the biggest Czech company, posted a five-percent drop in nine-month net profit on Friday, due to a fall in sales. Nine-month net profit fell to 1.47 billion crowns ($53 million) from 1.55 billion crowns a year ago, while revenue slipped to 110.8 billion from 111.91 billion crowns, the firm said in a filing with the Prague Stock Exchange.

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