Admin I Tuesday, August 13, 2024
BERLIN – The German carmaker Porsche, which also has a majority stake in Volkswagen, said on Tuesday that profit after tax and non-controlling interests in the first half of 2024 dropped to €2.2 billion ($2.4 billion) from last year’s €2.8 billion.
The company said the profit was significantly influenced by the result from the investments in Volkswagen and Porsche.
Looking ahead for the fiscal year 2024, Porsche expects to record a group result after tax of between €3.5 billion and €5.5 billion.
The outlook was trimmed on July 9 from the previously expected group result of between €3.8 billion and €5.8 billion.