MAN SE Third-Quarter Profit Rises 1% on Cost Reductions
This article is for subscribers only.
MAN SE, Europe’s third-largest maker of commercial vehicles, said third-quarter earnings rose 1 percent as the company reduced spending and delivered more trucks in Latin America.
Operating profit increased to 189 million euros ($261 million) from 187 million euros a year earlier, the Munich-based division of carmaker Volkswagen AG said today in a statement. Revenue declined 6 percent to 3.66 billion euros.