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Volkswagen says net profit up 40.9% to $35b in 2012

Published on Feb 22, 2013 10:21 PM
 
Volkswagen cars are pictured in a delivery tower at the company's headquarters in Wolfsburg on March 12, 2012. Volkswagen said on Friday, Feb 22, 2013, that its net profit zoomed ahead by more the 40 per cent last year on higher vehicle sales. -- FILE PHOTO: REUTERS

FRANKFURT (AFP) - Volkswagen, Europe's biggest carmaker, said Friday that its net profit zoomed ahead by more the 40 per cent last year on higher vehicle sales.

Volkswagen said in a statement its net profit soared by 40.9 per cent to a record 21.7 billion euros (S$35 billion) in 2012 as revenues rose by 20.9 per cent to 192.7 billion euros and deliveries to customers were up 12.2 per cent at 9.276 million vehicles.