logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toll Brothers, Inc. (TOL) reported second-quarter net income of $124.6 million, or $0.73 per share compared to $89.1 million, or $0.51 per share, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63, for the quarter. Analysts' estimates typically exclude special items. Pre-tax income was $199.2 million, compared to $140.4 million, prior year. Verizon and Ericsson are working together to test fifth generation or 5G wireless technology at the Indianapolis 500. Verizon said Monday that it has worked with Ericsson and Intel for 5G mobile fixed broadband service trials inside a house near the Indianapolis Motor Speedway. Facebook founder and CEO Mark Zuckerberg said he is not running for public office, amid rising speculation that his plans for traveling the U.S. indicated he is gearing up for a future presidential run.
comments powered by Disqus
Follow RTT