Skoda Q1 sales down 30 percent, profit slumps

Newswire

PRAGUE, April 29 (Reuters) - Carmaker Skoda Auto, the biggest Czech company and a significant part of the country's key automotive industry, said sales dropped 29.6 percent in the first quarter. Skoda, a unit of German carmaker Volkswagen AG , said on Wednesday sales fell to 39.7 billion crowns ($1.97 billion), and physical output slumped 45 percent to 99,100 cars. Net profit fell 91 percent to 312 million crowns. In euro terms, sales dropped 39 percent and operating profit fell 82 ...

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