(MENAFN) German carmaker BMW third quarter profit drops, despite its sales gains in the Asian market, QNA reported.
Net profit fell 1.2 percent to USD1.63 billion in the third quarter of 2014, compared to USD1.66 billion achieved in the same period last year.
The company expects the group to hit a significant growth in pretax profit from last year's USD9.88 billion and to deliver more than 2 million cars in 2014.
The decrease in the third quarter profit came despite a 4.5 percent in quarterly revenue to USD24.48 billion, from USD23.42 billion in the same period last year.
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