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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