Porsche keeps the ball rolling

Porsche Net Rises 11th Straight Year on New 911 Model

Porsche AG, maker of the Carrera, said profit rose an 11th consecutive year as sales reached a record, helped by the revamped versions of the Boxster and 911- model sports cars.

Net income in the year ended July 31 rose 13 percent to 779 million euros ($908 million), or 44.74 euros a preferred share, from a revised 690 million euros, or 39.69 euros, a year earlier, Stuttgart, Germany-based Porsche said today in a stock exchange filing. Profit beat the 701 million-euro estimate of five analysts surveyed by Bloomberg News.

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