VW's Skoda eyes $1.1 bln gross profit -paper

Newswire

PRAGUE, Dec 18 (Reuters) - Volkswagen's Skoda brand expects to report nearly 40 percent annual rise in 2007 pre-tax profits to some 20 billion crowns ($1.09 billion), a newspaper quoted the firm's chief as saying in an interview. Skoda Chairman Reinhard Jung told Tuesday's Hospodarske Noviny that the Czech carmaker expected to maintain its profit and sales performance from the first nine months of the year. Skoda's nine-month sales rose by 12.6 percent to a record 462,429 vehicles. ...

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