Pursuits
Volvo Cars Boosts Operating Profit by 17% on Record Sales
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Volvo Car Group, whose Chinese parent company’s listed arm issued a profit warning in December, said earnings rose 17 percent after record sales last year.
Operating profit increased to 2.25 billion kronor ($271 million) in 2014 from 1.92 billion kronor a year earlier, the Gothenburg, Sweden-based carmaker said in a statement on Thursday. Revenue rose 6.3 percent to 130 billion kronor.