News Column

Porsche Profits Get Boost From VW Dividend

August 6, 2013

Luxury German sports carmaker Porsche on Tuesday reported a jump in first-half profits, boosted by a dividend payment from Volkswagen and tax refunds.

Post-tax group profits rose to 1.47 billion euros (2 billion dollars) in the six months to the end of June, compared with 1.16 billion euros in the same period last year, said the Stuttgart-based group, which is part of the VW group.

Porsche received a net dividend of 386 million euros from VW plus tax refunds of 326 million euros.

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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