Sports car maker Porsche has posted a pretax group profit of EUR1.658bn for the fiscal first half ended 31 January 2008 compared with EUR1.341bn a year previously.
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This includes the proportional VW result for the fourth quarter of 2006 of about EUR272m and is adjusted for the one-off effect of the revaluation of VW stake that resulted in an appreciation of EUR521m.
On a comparable basis the group result after taxes increased from EUR0.897bn to EUR1.295bn.
Turnover grew 14% to EUR3.49bn vs EUR3.07bn.Vehicle sales volume was 46,736 units versus 39,265.
“The expansion of the dealer network, in particular into the new markets, and also the increased attractiveness of Porsche’s product range contributed to these successes,” the automaker said in a statement.
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