Share

Porsche in fast lane

accreditation
Porsche, which runs its business year from August to July, said in a statement that it booked net profit of $204m in the six months to January, a rise of 13% compared to the year-earlier figure.

Pre-tax profit surged 11.3% on a 15% rise in sales, the statement said.

Unit sales rose by 16.8% to 41 750 vehicles.

"We can look forward to the whole 2005/2006 business year with optimism," Porsche said.

Full-year unit sales are expected to rise to more than 90 000 vehicles from 88 379 last year.

Revenues are expected to grow and earnings remain high, despite the development costs of the new Panamera model, Porsche said.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE