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Profit slips at Volkswagen after accounting change

Updated : April 26, 2018 01:51 PM IST

Net profit fell 2% to 3.3 billion euros on sales that rose 4% to 58.2 billion euros.
The company said that operating profits, which exclude financial items such as interest and taxes, fell to 4.2 billion euros from 4.4 billion euros — but would have shown an increase without the accounting changes, which affect how financial derivatives are valued.
Profit slips at Volkswagen after accounting change
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