BMW aims for record sales in 2012

BMW aims for record sales in 2012

PanARMENIAN.Net - German top-of-the-range carmaker BMW said on Tuesday, March 13 it was confident it would be able to achieve record sales and earnings again this year following a bumper year in 2011.

"The BMW group is confident about the current financial year after a record year in 2011," AFP quoted chief executive Norbert Reithofer as saying.

"We are targeting new highs in sales volume and pre-tax earnings for 2012."

As already reported last week, BMW booked net profit of 4.907 billion euros ($6.5 billion) in 2011, an increase of 51.3 percent year-on-year, and pre-tax profit rose by 52.1 percent to 7.383 billion euros.

Unit (Berlin: UN7.BE - news) sales were up 14.2 percent at 1.669 million vehicles, pushing up revenues by 13.8 percent to 68.821 billion euros.

 Top stories
In January-October 2014, the country’s exports totaled $1.250 billion, up %2.9 from last year, National Statistical Service said.
As a consulting partner, offering an extensive range of financial assistance, Ameriabank is financing a developing sector of industrial agriculture.
The mining right was granted to Geoteam CJSC, Lydian's 100% owned subsidiary, by the Ministry of Energy and Natural Resources.
Novak said the recent sanctions against Russia will not affect Turkey’s first nuclear plant, which is being built by Russian Rosatom.
Partner news