just-auto.com

CZECH REPUBLIC: Skoda more than doubles H1 net

By just-auto.com editorial team | 2 August 2004

Czech carmaker Skoda Auto's first-half net profit reportedly more than doubled to 2.04 billion crowns ($US77.30 million) from last year, driven by a 4% rise in sales to 78.9 billion crowns.

Unit sales at the Czech Republic's largest company grew 0.7% to 227,911 cars though domestic sales plunged 10.6%, and its key western European market dipped 1.3%, but that was more than offset by rising demand in other central and eastern European countries, resulting in a 6.3% year-on-year increase in sales there, a Reuters report said.

The news agency said Skoda's Its best-selling product remains the compact Fabia, whose sales edged 0.8% higher, while the firm's relatively new Superb saloon suffered a setback with a 9% drop in sales.