Today 4:18 AM ET (MarketWatch)
LONDON (MarketWatch) -- Luxury-car maker Bayerische Motoren Werke AG (de:bmw) said Tuesday first-quarter net profit was 1.46 billion euros ($2.03 billion), up 11% from 1.31 billion euros in the year-earlier period. Profit before tax came in at EUR2.17 billion, up 8.5% from EUR2 billion a year ago. Sales increased 3.9% to EUR18.24 billion. BMW said sales volume and group profit before tax are expected to rise to record levels for the full year, with sales to increase to more than 2 million vehicles.
-Carla Mozee; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 06, 2014 04:18 ET (08:18 GMT)
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