Luxury German sports carmaker Porsche is heading
towards record sales this year after the group said Friday that
profit raced ahead in the first half of the year on the back of a
surge in global demand.
Stuttgart-based Porsche said operating profit jumped by 21 per
cent in the first six months to 1.26 billion euros (1.54 billion)
compared to the same period last year. Revenue rose 29 per cent to
6.76 billion euros.
"We're offering our customers outstanding sports cars," said chief
executive officer Matthias Mueller releasing the results. "We can
stay in the success lane even in economically difficult times."
The carmaker said vehicle sales rose 23 per cent to 68,940 cars
during the first half with the group expecting to post record annual
sales in 2012.
In line with other leading luxury car groups such as Audi, BMW and
Mercedes Benz, Porsche's global sales have been powered ahead by
strong demand in the world's two biggest auto markets - US and China.
Porsche's sales to China alone jumped 38 per cent to 15,638
vehicles during the first half of the year.
