Porsche SE Nine-Month Profit Rose on Volkswagen Investment
November 12 2019 - 4:55AM
Dow Jones News
By Carlo Martuscelli
Porsche Automobil Holding SE (PAH3.XE) said Tuesday that its
after-tax profit rose 32% in the first nine months of the year as
it benefited from its investment in Volkswagen AG (VOW.XE).
The holding company made a profit of 3.52 billion euros ($3.88
billion) compared with EUR2.67 billion the previous-year
period.
Net liquidity stood at EUR566 million, down from EUR864 million
due to the acquisition of Volkswagen shares.
Porsche said it continues to expect to report a full-year profit
of between EUR3.4 billion-EUR4.4 billion.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com;
@carlomartu
(END) Dow Jones Newswires
November 12, 2019 04:40 ET (09:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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