Profitability at the truck manufacturing division will improve, Munich-based MAN said today in a statement distributed at a press conference. Fourth-quarter operating profit declined to 296 million euros ($410 million) from 309 million euros a year earlier. Revenue increased 4.46 billion euros from 4.19 billion euros.
The company is predicting 800 million euros operating profit in the near term, the division of Volkswagen AG (VOW) said.
Parent VW is scheduled to release full-year earnings figures for all its brands tomorrow.
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