Volkswagen boosts H1 operating profit by 62 pct


FRANKFURT, July 29 (Reuters) - Europe's largest carmaker, Volkswagen , reported improved first-half results on Friday and reaffirmed its full-year guidance.

Operating profit rose nearly 62 percent to 1.38 billion euros from 851 million euros and compared to an average Reuters poll forecast of 1.11 billion euros.

Volkswagen reaffirmed guidance for a rise in pretax profit and operating profit after special items for 2005.

Earnings before tax, which includes its equity contribution from its two Chinese joint ventures, rose by only 5.2 percent to 672 million euros.



Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×