Volkswagen operating profit up 30% in the second quarter



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Direct: Volkswagen's operating profit rose in the second quarter of this year, despite falling car sales.

German automakers reported operating profit of 5.13 billion euros ($ 5.71 billion) in the second quarter of 2019, up from 3.95 billion euros. in the same quarter of the previous year.

The turnover increased by 4.9% to reach 65.18 billion euros from April to June, against 61.14 billion euros for the same quarter in 2018.

Volkswagen sales for the quarter ended June decreased 1.8% to 2.75 million.

The German automaker expects an increase in total revenues of about 5% this year, with margins ranging from 6.5 to 7.5%.

At 10:00 GMT, Volkswagen shares fell 0.3%.

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