Volkswagen operating profits tumble in Q2

BERLIN : The Volkswagen Group saw a 27.7 per cent fall in operating profit before special items to 4.7 billion euros ($4.79 billion) in the second quarter, the carmaker reported on Thursday, as negative valuation effects from commodity hedging transactions weighed on results.

Revenue rose 3.3 per cent in the second quarter from last year to 69.5 billion euros, it said.

($1 = 0.9802 euros)

 

 

Source: Reuters