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Porsche 2006/07 profit tops 4 billion euros: report

FRANKFURT
Sat Nov 10, 2007 3:56pm EST

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The logo of German carmaker Porsche is seen on the bonnet of a 911 type sportscar during the 35. AVD Oldtimer Grand Prix at the Nuerburgring circuit August 11, 2007. Porsche made a record profit of more than 4 billion euros ($5.88 billion) in its 2006/2007 fiscal year, the German newspaper Frankfurter Allgemeine Sonntagszeitung reported. REUTERS/Arnd Wiegmann

FRANKFURT (Reuters) - German sports car maker Porsche (PSHG_p.DE) made a record profit of more than 4 billion euros ($5.88 billion) in its 2006/2007 fiscal year, the German newspaper Frankfurter Allgemeine Sonntagszeitung reported.

Porsche's sales were 7.4 billion euros, the newspaper said in an advance release of an article due for publication on Sunday.

In the previous fiscal year to July 31, 2006, Porsche's pre-tax profit was 2.11 billion euros on sales of 7.27 billion euros.

Nobody at Porsche was available for comment.

(Reporting by Peter Starck)


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