Volkswagen's Bentley Swings To 2011 Profit
Volkswagen AG's (OTC: VLKAY) brand Bentley swung to a profit in 2011.
Volkswagen's Bentley global car sales surged 37% to 7,003 vehicles. In the January-to-September period last year, it posted an operating loss of 6 million euros ($7.8 million), versus a loss of EUR145 million, in the year-ago period.
Its revenue surged to EUR776 million from EUR503 million. However, sales in Continental Europe jumped 53% to 1,187 cars.
VLKAY shares closed at $26.69 on Friday.
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