FRANKFURT: Volkswagen Group 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.

Copyright Reuters, 2019

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