Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Porsche Automobil Holding SE    PAH3   DE000PAH0038

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Porsche Automobil Holding SE : Volkswagen 2011 After-tax Profit More Than Doubles To EUR16 Billion -Report

02/24/2012 | 03:26am US/Eastern

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.

React to this article
Latest news on PORSCHE AUTOMOBIL HOLDING
03:34p PORSCHE AUTOMOBIL SE : SE’s group profit for 2014 expected to reach 3.0 bi..
11:39a PORSCHE AUTOMOBIL SE : Two Porsches to make global debut
11:12aDJGermany's Volkswagen Posts Rise in 2014 Profit
02:23a PORSCHE AUTOMOBIL SE : Extreme >> machines take centre stage ; ON THE ROAD
02/26 PORSCHE AUTOMOBIL SE : Brazil: removal of judge from billionaire trial is reques..
02/26 PORSCHE AUTOMOBIL SE : Car of the week - February 26th - Mercedes AMG GT S
02/26 PORSCHE AUTOMOBIL SE : Hedge funds' $1.4 billion Porsche lawsuit faces dismissal..
02/25 PORSCHE AUTOMOBIL SE : shows two new high-performance cars for the first time
02/24 PORSCHE AUTOMOBIL SE : SPEED VS. SPOTLIGHT ; Actor Patrick Dempsey putting empha..
02/24DJJudge in Eike Batista Case Under Investigation
Advertisement
Chart
Duration : Period :
Porsche Automobil Holding  Technical Analysis Chart | PAH3 | DE000PAH0038 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF