Porsche Automobile Holding Se (PC) (USOTC:POAHY)
Historical Stock Chart
1 Month : From Nov 2019 to Dec 2019
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 email@example.com; @carlomartu
(END) Dow Jones Newswires
November 12, 2019 04:40 ET (09:40 GMT)
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