LexFather

Porsche first half profit rises to 1.66 billion euros


Automotive News Europe
March 4, 2008 15:00 CET

FRANKFURT (Reuters) -- Germany's Porsche Automobil Holding boosted first-half pretax profit to 1.66 billion euros ($2.53 billion) thanks in part to its 31 percent voting stake in Volkswagen, it said today.

First-half revenue rose 14 percent to 3.49 billion euros ($5.4 Billion), slightly lagging a 19 percent jump in sales to 46,736 vehicles, it said, in line with preliminary figures it gave in January.

Hedging transactions linked to its VW stake contributed 850 million euros ($1.3 Billion) to earnings, up from 791 million ($1.2 Billion) a year ago, while its share of VW profits rose to 484 million euros ($735 Million).

gengar

Good to see Porsche doing so well. They can thank Wiedeking and Toyota!

f=ma

don't they make more than just cars?

Och

iTrader: (3)

Thats correct, and I wonder how much profit these bring:

TRDFantasy

.

A friend of mine tells me Porsche Design also sells external hard drives .

GS3Tek

iTrader: (8)

For one thing, they save alot in their design dept. since they've been milking it for the past oh so years with all the variants

UberNoob

porsche design pens are actually nice
they external hdds arent bad either

but they get their profit from the super high margins of 911's

Faymester

they make a bunch of stuff that isn't really related to each other at all

ntran18

iTrader: (27)

I call foul, they must be price gouging on their products.

okcfunky

But who wouldn't pay for painted wheel center crests at 1000 bucks?

Oh they've got some doozies last time I strolled through their options list.

RX_330

They have a bunch of weird stuff with their name on it.


Ballers.

LexFather

I like Porsche design stuff.....