Sunday, April 26, 2015   

Volvo Car reports return to profit on China sales
(08-20 18:14)

Chinese-owned Volvo Car Group announced a return to profits on Wednesday in an upbeat half-yearly report that cited "solid" demand for the Swedish brand particularly in China.
The Gothenburg-based manufacturer bucked dismal sales trends in the global auto industry with a 15-percent hike in turnover to 64.78 billion kronor ($9.39 billion, 7.06 billion euros).
Net profits was 535 million kronor in the first six months of the year compared to a 778 million kronor loss for the same period in 2013.
Sales in vehicle terms grew by 9.5 percent year on year to 229,013 units, compared to 209,117 for the same period in the previous year. --AFP   
Other Business breaking news:
EU clears 19 genetically modified products (04-24 20:33)
China sales lift Astra Zeneca revenue (04-24 20:33)
Greece sells gambling operation (04-24 20:29)
European stocks higher awaiting Greek update (04-24 20:27)
Sui Yang named alternate chief executive at BoC HK (04-24 18:28)
Athens stocks leap by 4.4pc on hopes of EU deal (04-24 18:11)
HSBC ponders head office location (04-24 17:38)
Hang Seng breaks through 28,000 (04-24 16:35)
Nikkei closes in negative territory (04-24 14:36)
US crude falls to US$57.42 in Asian trade (04-24 14:28)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.