UPDATE 2-Volkswagen Q1 profit boosted by emerging markets

Newswire

* Q1 oper profit 2.9 bln eur vs Rtrs poll avg 2.19 bln * Automotive net cash 19.6 bln eur at end-March * Sees gain in 2011 sales, operating profits * Shares extend gains to trade 2.8 percent higher (Adds company comment, analyst comment, shares) FRANKFURT, April 27 (Reuters) - Volkswagen , Europe's largest carmaker, expects to post higher revenue and earnings this year after demand from emerging markets such as Russia and Argentina boosted its first-quarter results. "We continue ...

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