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Audi Posts Drop In Q1 Profit

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Audi AG (OTC: AUDVF) reported a fall in its first-quarter pretax profit.

Audi's pretax profit for the quarter dropped to 1.43 billion euros ($1.87 billion), versus EUR1.51 billion, in the year-ago period.

Its revenue fell to EUR11.73 billion from EUR12.39 billion, while operating profit margin declined to 11.1% from 11.4%.

Posted-In: Pretax ProfitEarnings News

 

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