German auto-maker BMW recorded a first-half net profit rise of 67 per cent, says Bridgenews (18/8/00).

For the period from January to June net profit was $NZ650 million, the highest half-year surplus in the company`s history.

Worldwide deliveries rose almost 9 per cent to 421,000 units, while sales rose 15 per cent to a record 18.825 billion euro, says the report.

BMW says the increase is due to strong global demand for its cars including the 3-series, which grew 14 per cent.