BMW pow­ers through to­ward record year

The Myanmar Times - - International Business -

A favourable world auto mar­ket helped Ger­man car­maker BMW to post prof­its 11 per­cent higher in the sec­ond quar­ter than in the same pe­riod last year, re­sults re­leased yes­ter­day showed. The Mu­nich-based firm said that it had made 1.95 bil­lion euros (US$2.2 bil­lion) of profit on 25 bil­lion euros of rev­enue. BMW chair Har­ald Krueger said the car­maker’s per­for­mance was a new record for the sec­ond quar­ter, putting it on track to hit its tar­gets for the full year in 2016.

Photo: EPA

Har­ald Krueger drinks to BMW be­ing on track to hit 2016 tar­gets.

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