Porsche Profit More Than Triples

AP:

Luxury sports car maker Porsche AG said Monday that its net profit for fiscal 2007 more than tripled with help from a revaluation of its 22 percent stake in Volkswagen AG and strong results from its core business.

Porsche said it earned 4.24 billion euros ($6.18 billion) for the full year, up from 1.39 billion euros a year earlier. The revaluation resulted in a one-time gain of 520.80 million euros ($759.27 million).

Read the whole story: AP

Comments

[Dandy12]

Good cars, I have one twenty years old!