Audi Q3 operating profit falls 54 pc
Audi AG profit fell 54 per cent in the third quarter as the global downturn affected demand for its cars.
By Agencies |
FRANKFURT: German carmaker Audi AG said on Friday its profit fell 54 per cent in the third quarter as the global downturn affected demand for its cars.
Audi, based in Ingolstadt, reported an operating profit of euro348 million ($515 million) compared with an operating profit of euro760 million in the July-September period of 2008. The company did not immediately release net profit figures.
Audi generated revenue of euro7.2 billion between July and September, compared with euro8.4 billion in the third quarter of 2008, a near 15 percent decrease.
Audi is a unit of Volkswagen AG, Europe's biggest automotive group by revenue.
Audi, based in Ingolstadt, reported an operating profit of euro348 million ($515 million) compared with an operating profit of euro760 million in the July-September period of 2008. The company did not immediately release net profit figures.
Audi generated revenue of euro7.2 billion between July and September, compared with euro8.4 billion in the third quarter of 2008, a near 15 percent decrease.
Audi is a unit of Volkswagen AG, Europe's biggest automotive group by revenue.
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