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Renault Posts Higher Profit

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Renault SA (OTC: RNSDF) reported an increase in its 2014 net profit.

Renault's net income for the year jumped to EUR1.9 billion (US$2.3 billion), versus a year-ago profit of EUR586 million. Analysts were expecting a profit of EUR1.8 billion.

Operating profit gained to 1.61 billion euros ($1.82 billion) versus 1.24 billion euros.

Its total revenue climbed to EUR41.1 billion, while operating profit from its automotive division jumped to EUR858 million from EUR495 million.

The company's deliveries gained 3.2% to 2.71 million vehicles in 2014.

Posted-In: profitEarnings News

 

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