Skoda Auto 2011 Operating Profit Rises 66% on China, Russia
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Skoda Auto AS, the Czech unit of Volkswagen AG, said its operating profit rose 66 percent last year, boosted by demand in India, Russia and China.
Operating profit ion 2011 totaled 743 million euros ($985 million) from 447 million euros a year earlier, the Mlada Boleslav, Czech Republic-based company said in a statement handed out to reporters in Prague today. Revenue rose 18.1 percent to 10.3 billion euros.