Porsche SE Nine-Month Profit Rose on Volkswagen Investment

Date : 11/12/2019 @ 9:55AM
Source : Dow Jones News
Stock : Porsche Automobile Holding Se (PC) (POAHY)
Quote : 7.405  0.015 (0.20%) @ 9:03PM

Porsche SE Nine-Month Profit Rose on Volkswagen Investment

Porsche Automobile Holding Se (PC) (USOTC:POAHY)
Historical Stock Chart

1 Month : From Nov 2019 to Dec 2019

Click Here for more Porsche Automobile Holding Se (PC) Charts.

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.

Latest POAHY Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.