Pursuits
Porsche First-Quarter Profit Surges on Cayenne Sales
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Porsche SE, the maker of the 911 sports car, said operating profit surged more than sevenfold in the fiscal first quarter on demand for the Cayenne sport-utility vehicle and Panamera sedan.
Earnings before interest and tax advanced to 395 million euros ($526 million) between August and October from 52 million euros a year earlier, the Stuttgart, Germany-based manufacturer said in an e-mailed statement. Sales climbed 80 percent to 2.1 billion euros.