Surging sales of sports utility vehicles and strong Chinese demand for German premium cars helped Porsche register a 59 per cent increase in operating profit in the first six months of the year.
The carmaker said first-half operating profits jumped from €675m to €1.1bn, while turnover rose by 19 per cent to €5.2bn ($7.3bn). The results imply an operating profit margin of more than 20 per cent – among the best in the industry.
Like other German premium carmakers, Porsche is enjoying bumper profits thanks to a boom in emerging markets, particularly China. However, its profit margins far exceed those of its domestic rivals.
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