+- Pakistan Real Estate Times - Pakistan Property News (https://www.pakrealestatetimes.com)
+-- Forum: Pakistan Real Estate / Property News (/forumdisplay.php?fid=1)
+--- Forum: Latest Pakistan Property & Economic News (/forumdisplay.php?fid=4)
+--- Thread: BMW profits driven by demand (/showthread.php?tid=11283)
BMW profits driven by demand - Lahore_Real_Estate - 08-04-2010 01:38 PM
BERLIN (Agencies): German carmaker BMW has reported a surge in profits, thanks to a recovery in global markets, demand from China and strong sales of new models. The firm made 834m euros (£692.8m; $1.1bn) between April and June, up from 121m euros a year earlier. Sales climbed by 18.3% to 15.35bn euros. The results impressed investors, pushing the firm's share price up by 3.4% in morning trading. BMW had already raised its 2010 sales and earnings forecasts last month. Chief executive Norbert Reithofer confirmed the company aimed to boost full-year sales by about 10% to more than 1.4 million vehicles. "We are aiming to achieve significantly higher group earnings in 2010 than in 2009," he said.