Porsche Posts Rise In 2011 Profit

Porsche Automobil Holding SE's

sportscar unit reported a 22% rise in its 2011 operating profit. Its operating profit surged to EUR2.05 billion. Porsche's global car sales climbed 21% y/y to 116,978 vehicles in 2011. Its revenue jumped 18% to EUR10.9 billion. Porsche shares closed at $6.33 yesterday.