German carmaker BMW performs better than expected in Q3 ...Middle East

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MUNICH: German high-end carmaker BMW has reported a higher sales volume than expected in the third quarter, reported dpa news.Profit before interest and taxes increased year on year by 18.2 per cent in the third quarter to €4.35 billion (US$4.62 billion), the company said from its headquarters in Munich on Friday. This was despite a higher share of electric cars being sold, which are not yet so profitable. Experts had forecast a slightly lower operating profit.The much-watched operating margin in the core carmaking business rose by almost 1 percentage point to 9.8 per cent.The company's revenue for the quarter rose 3.4 per cent to €38.5 billion, despite headwinds from the stronger euro.The o

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Last updated : 03 Nov 2023 clock 03:36 PM

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