Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
02/07 Financial watchdog closes German unit of Canada's Maple Financial
02/06 PORSCHE AUTOMOBIL SE : Horror crash driver jailed
02/06 Acting Attorney General Announces Lawsuit Against Volkswagen Alleging Histori..
02/05 PORSCHE AUTOMOBIL SE : PULLING THE PLUG ; Column DRIVE TIME: Derbyshire motoring..
02/05 PORSCHE AUTOMOBIL SE : 'boxing clever' with likeable 718 ; 's redoubtable roadst..
02/05 PORSCHE AUTOMOBIL SE : Seinfeld ups the ante at March 11 Gooding & Co. Amelia au..
02/05DJVolkswagen Postpones Annual Results Announcement-- 2nd Update
02/05 PORSCHE AUTOMOBIL SE : SE: Reporting of the Annual Results and Annual General Me..
02/05DJVolkswagen Postpones Earnings Announcement Amid Scandal
02/05 PORSCHE AUTOMOBIL SE : Reporting of the Annual Results and Annual General Meetin..
News chart
Full-screen chart
Income Statement Evolution
More Financials