BMW AG’s net profit for the first quarter ended March 31 rose 3.8 percent to 632 million ($578.3 million) from 609 million euros a year ago, Dow-Jones Newswire reported.
BMW AG’s net profit for the first quarter ended March 31 rose 3.8 percent to 632 million ($578.3 million) from 609 million euros a year ago, Dow-Jones Newswire reported.
The results beat market expectations, Dow-Jones said.
Earnings per common share rose to 94 euro cents per common share from 91 cents a year ago, the report added.
BMW Group revenues rose 14 percent to 10.77 billion euros from 9.45 billion after sales of BMW and Mini brand vehicles rose by over 17 percent to 260,462, Dow-Jones said.
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