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Porsche First-Half Profit Jumps 59% as Cayenne Sales Double

Porsche AG, the German sports-car maker that’s merging with Volkswagen AG, said first-half operating profit surged 59 percent as sales of its 58,000-euro ($84,000) Cayenne sport-utility vehicle more than doubled.

Earnings before interest and taxes rose to 1.07 billion euros from 675 million euros a year earlier as revenue gained 19 percent to 5.22 billion euros, the Stuttgart-based maker of the 911 sports car said today in a statement.