The French car manufacturer PSA made a record profit and Opel returned to profit

PARÍŽ. French automaker PSA has announced a record profit for the first half of this year. This led to strong sales growth, as well as the fact that the long-term Opel loss division returned to profits. The automaker's stock price jumped in response to these numbers to a maximum of 10 years.

The PSA said it had a net profit of 1.48 billion euros in the first six months. Year-to-year growth means 18%. Operating profit rose from 2.04 billion euros to 3.02 billion euros and the turnover rose 40% to 48.6 billion euros.

The results exceed analysts' expectations. They reported net profit of about 1.36 billion euros, operating profit of 2.33 billion and a turnover of 38.49 billion euros. euros.

The company sold 2.18 million vehicles in the first half. Compared to the first half of last year, this means a growth of 38.1%. In total, 28% of sport utility vehicles accounted for total sales.

In addition, the Opel Vauxhall division, which PSA bought from General Motors (GM) last year, returned to profitability. The division recorded an operating profit of 502 million euros in the first half, which represents its first gain for nearly 20 years

"It's the business figure the fastest in the automotive industry for many years ". The results of JP Morgan analyst Jose Asumendi

In response to the company's half-year results, PSA stock jumped to 12.6% and hit the highest value since 2008. Later, slightly revised