VW’s Skoda Auto reports 61% rise in Q1 operating profit

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A logo is seen on a wheel of a Skoda Octavia car after a presentation of the company’s annual results in Mlada Boleslav March 20, 2013. REUTERS/David W Cerny

Companies

  • Volkswagen AG

  • ŠKODA AUTO a.s.

PRAGUE, May 8 (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen group, lifted operating profit by 60.8% year-on-year to 542 million euros ($598 million) in the first quarter, while revenue rose by a third to 6.8 billion euros, the company said on Monday.

Reporting by Jason Hovet Editing by Mark Potter
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