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

Editors Pick
A number of major retailers will be open on Thanksgiving for early Black Friday shopping events. Kohl's department stores will kick off Black Friday sales two hours earlier this year, at 6 p.m. Thanksgiving Day, while Macy's, Bon-Ton and Best Buy will open at the same time. J.C. Penney and Sears... Twitter Inc. has replaced its head of product Daniel Graf just six months after luring him over from Google, according to multiple reports. Graf, previously known for his work leading Google Maps, will retain his vice president of product title and work on Twitter's geolocation features, the Wall... LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that its third quarter loss widened slightly from last year, as higher costs and expenses more than offset a 45% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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.