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 Daimler posts record Q2 results, sees strong 2011 sales

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Daimler posts record Q2 results, sees strong 2011 sales Vide
PostSubject: Daimler posts record Q2 results, sees strong 2011 sales   Daimler posts record Q2 results, sees strong 2011 sales Icon_minitimeWed Jul 27, 2011 5:08 am
GERMAN automaker Daimler boasted record results for the second quarter of 2011, and forecast on Wednesday that full-year sales would come to more than 100 billion euros (S$175 million).

Daimler posted an annualised 30 per cent jump in net profit to 1.7 billion euros, while core earnings before interest and taxes (EBIT) reached 2.581 billion euros, from 2.104 billion in the same period a year earlier.

Analysts polled by Dow Jones Newswires had anticipated a net profit of 1.58 billion euros and EBIT of 2.47 billion.

Daimler forecast that its full-year core earnings 'will very significantly exceed the level of 2010,' or 7.3 billion euros.

http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_695348.html
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