BMW 3-Series Drives Quarterly Profit Increase

03 August 2006

MUNICH: The world's largest maker of luxury cars Bayerische Motoren Werke reported increased Q2 profits thanks to higher sales of the BMW 3-Series sedan and station wagon models.

Net income rose to €787 million ($1.0bn; £537.5m) from a restated €670m in the year-ago period, while revenue rose 8.7% to €13.2 billion.

Opines Jens Ehrhardt of Munich firm Jens Ehrhardt Kapital: "BMW is probably the best among the three major German carmakers." He also noted (with a seeming touch of regret) that "higher profit margins are all investors care about at the end of the day."'