Volkswagen 2011 After-tax Profit More Than Doubles To EUR16 Billion -Report
24 Février 2012 - 9:40AM
Dow Jones News
Car manufacturer Volkswagen AG (VOW.XE) more than doubled
after-tax profit in 2011 to EUR16 billion, according to a report in
the daily Hannoversche Allgemeine Zeitung Friday, citing persons
close to the company.
A Volkswagen spokesman declined to comment on the report to Dow
Jones Newswires.
According to a survey of 13 analysts polled by Dow Jones, the
car maker is expected to post after-tax profit of EUR15.64 billion
in 2011.
Given profit growth, a higher dividend payout is expected for
2011, the article adds. A dividend payment of EUR3.00 per share is
expected versus a payment of EUR2.20 per common share and EUR2.26
per preferred share for 2010.
After-tax profit was boosted by both strong sales growth as well
as a book gain resulting from the revaluation of share options
after a plan to merge with Porsche was abandoned for now, the
article says.
Volkswagen is expected to release some key headline earnings on
Feb. 27.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.
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