Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Volkswagen 2011 Profit Jumps - Quick Facts

Volkswagen AG (VOW.DE, VOW3.DE,VLKAF.PK) Friday reported a profit for the year ended December 31, 2011 of 15.41 billion euros compared to last year's 6.84 billion euros. Basic per-share earnings improved to 33.10 euros from 15.17 euros in the prior-year. The company attributed the result to the positive impact of equity-accounted investment as well as the measurement of put/call rights relating to its holding in Porsche Zwischenholding GmbH.

Sales revenues for the year were 159.34 billion euros, or 25.6 percent higher than 2010's 126.88 billion euros. Vehicle sales went up 14.9 percent to 8.4 million units, with production rising 15.5 percent to 8.5 million units.

The company's Board also proposed a hike in dividend to 3.00 euros per share from last year's 2.20 euros per share. For holders of preferred shares, the dividend is now 3.06 euros per preferred share compared to 2.26 euros per preferred share last year.

Click here to receive FREE breaking news email alerts for VOLKSWAGEN AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Bundesbank President Jens Weidmann has criticized the European Central Bank's latest measures to boost the euro area economy, such as the planned purchases of covered bonds and asset-backed securities and covered bonds, as well as the interest rate reduction this month. The latest decisions suggest... European stocks are seen opening lower on Monday, tracking weak commodity prices and a subdued trend across the Asia-Pacific region as investors look ahead to Chinese manufacturing data due on Tuesday for important clues about China's growth outlook. China is experiencing stable growth and there... Specialty drugmaker Horizon Pharma plc (HZNP) on Friday managed to redomicile itself as an entity incorporated in Ireland following the completion of its $660 million acquisition of Vidara Therapeutics International plc. The deal will help it avoid paying the high rate of U.S. corporate taxes. The...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.