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
Leaders of the Senate Health Committee revealed Tuesday they have reached an agreement on legislation to provide short-term stability to Obamacare. Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced the bipartisan agreement. Activist investor Rudolf Bohli is reportedly targeting Switzerland's second largest bank Credit Suisse. Bloomberg reported that Bohli has 0.2 percent stake in Credit Suisse that comes around 100 million francs or around $102 million. Australia's flag carrier Qantas Airways Ltd. on Tuesday took delivery of its first Boeing 787-9 Dreamliner aircraft, noting that the game-changing aircraft will open up new routes and new levels of comfort for travelers. The new aircraft will enable Qantas to operate Australia's first regular non-stop flights to Europe.
comments powered by Disqus
Follow RTT