Volvo Car Group, a unit of Swedish auto giant AB Volvo (VOLVY.PK) Wednesday posted half yearly net income of 535 million SEK compared with a loss of 778 million SEK in 2013.
Driven by strong demand in key markets such as China, Sweden and Western Europe, operating profit for the first six months totaled 1.2 million SEK.
Revenue for the period rose to 64.78 million SEK from 56.36 million SEK last year. Retail sales increased 9.5 percent to 229,013 from 209,117 for the same period last year.
Looking ahead, for the full year the company expects sales to increase by close to 10 per cent in 2014, driven by steady growth in key markets and an improving product offer
For comments and feedback contact: editorial@rttnews.com
Business News