Bank Of Baku

Sales Drive Daimler Profit

Sales Drive Daimler Profit
# 27 April 2012 14:51 (UTC +04:00)
Baku - APA-Economics. German auto maker Daimler AG Friday posted higher first-quarter net profit due to rising vehicle sales, lower interest charges and a favorable tax rate, but costs for new vehicles weighed on the closely-watched earnings before interest and tax.

First-quarter net profit rose 26% on an annual basis to €1.34 billion ($1.77 billion), while Ebit was up 4.8% at €2.13 billion, beating expectations. Revenue rose 9.2% year-to-year to €27.01 billion on a 9% rise in sales to 502,086 cars, vans and trucks.
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