(MENAFN– ecpulse)
Bayerische Motoren Werke (BMW), the world’s biggest auto manufacturer of luxury cars, said its second quarter earnings before interest and taxes at the auto unit climbed 11.7 percent of sales, compared to 9.9 percent in the same period a year ago.
The Munich-based company attributed the highest profitability from selling cars in three years to the rise in revenue from its X5 SUV and improved demand from China.
BMW shares rose 3.8 percent earlier in the session in Frankfurt, while recorded 3.1 percent to 91.16 euros as of 09:15 a.m.
Sales rose 1.8 percent to 19.9 billion euros, where the company is looking forward to delivering more than 2 million vehicles in 2014.
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