German carmaker Daimler reported a rise in
second-quarter operating profit after selling its stake in aerospace
and defence group EADS.
Earnings before interest and tax (EBIT) during the three months to the end of June were 5.2 billion euros (6.8 billion dollars).
The Stuttgart group said it earned 3.2 billion euros from hiving off its EADS holding, which it began selling in April.
The company did not release any comparative figures, but Daimler posted EBIT of 2.24 billion euros a year ago.
"We continue to assume that EBIT in the second half of the year will be higher than in the first half," the company said.
Total quarterly revenue came in at 29.7 billion euros, up from the 28.9 billion euros it generated in the same period last year.
The group's earnings included restructuring charges of 102 million euros for its truck and bus operations.
Daimler's earnings from its flagship Mercedes Benz operations was 1.04 billion euros.
The release of the figures is part of the buildup to the start of Germany's second-quarter corporate reporting season. Daimler is due to publish its full quarterly results on July 24.
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Keurig Adds Peet's coffee, Alters Starbucks deal
- U.S. to Relinquish Gov't Control Over Internet
- Quiznos Files for Chapter 11
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Vybz Kartel Convicted of Murder