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BMW Q2 Net Profit Down 28%

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BMW AG (OTC: BAMXY) reported a 28% drop in its second-quarter profit.

BMW's quarterly net profit fell to EUR1.28 billion. Its pretax profit dropped 25% to EUR1.98 billion, while earnings before interest and tax (EBIT) declined 19% to EUR2.27 billion.

BMW's revenue climbed 7.3% to EUR19.2 billion.

BMW shares closed at $24.75 yesterday.

Posted-In: profitEarnings News

 

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