Volkswagen H1 profit beats expectations

Newswire

FRANKFURT, July 30 (Reuters) - Volkswagen AG , Europe's biggest carmaker, said on Tuesday its first half pre-tax profit dropped 4.1 percent to 2.263 billion euros ($2.23 billion), beating analysts' expectations. But VW watered down its profit outlook, saying it expected a pre-tax profit of "around four billion euros" for the full year. It had previously said it would match last year's record 4.4 billion euros. The company also said it expected unit sales of just under five million units ...

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