FILE PHOTO: A Volkswagen logo is pictured in a production line at the Volkswagen plant in Wolfsburg, Germany March 1, 2019. REUTERS/Fabian Bimmer/File Photo
FRANKFURT (Reuters) – Volkswagen Group (VOWG_p.DE) on Thursday said its first half operating profit rose 10.3% to 9 billion euros ($10.02 billion), buoyed by sales of higher-margin sports utility vehicles and a jump in demand for Porsche vehicles.
Higher demand for VW, Porsche and Skoda cars helped to offset a drop in Audi sales, the carmaker said.
Volkswagen confirmed its outlook for the year and said its operating return on sales rose to 7.2%, up from 6.8% in the year-earlier period.
Reporting by Edward Taylor; Editing by Michelle Martin
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