Skoda expects to report nearly 40% annual rise in 2007 pre-tax profits to some CZK20bn ($US1.09bn), a Czech newspaper has quoted the VW unit’s head as saying in an interview.
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According to Reuters, Skoda chairman Reinhard Jung told Hospodarske Noviny that Skoda expected to maintain its profit and sales performance from the first nine months of the year – its nine-month sales rose by 12.6% to a record 462,429 vehicles.
As reported by just-auto, Skoda said at the end of October it produced 448,400 vehicles in the first nine months of 2007 – a gain of 9.3% on the same period of last year.
Sales in the period totalled CZK161.6bn and the company’s profit grew 39.3% year on year, reaching CZK 14.8bn, more than the total profit achieved for 2006 (CZK 14.2 billion).
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