The first-quarter operating profit of Volkswagen nearly tripled

Operating profit in the first quarter of Volkswagen has tripled after all its brands further improvements. In particular, the flagship VW brand has been a noticeable change.

VW group's results were reported last Wednesday, indicating its growing war chest of more than 14 billion euros (18.7 billion dollars) owing to a rights issue. In a statement, said CFO Hans Dieter Poetsch that the company is optimistic about its future development. He also said that VW's top priority is still to "consolidate and develop [strength] You." These financial results indicate the strength of VW quality of the underlying results. Often these results are inflated by the costs of or less guaranteed loss provisions built in that market approaches the value at a lower price. The report also shows the improvement in each group of capital. However, the financial data of their brand of supercars (Bugatti and Lamborghini) are not displayed because VW did not report their figures separately. VW quarterly operating profit was 416 million euros, corresponding to a margin of 2.2% - much better than expected. The benefit of the brand has nearly doubled from the quarter ending in December. For all of last year, VW has shown a profit of 561 million euros in turnover of 65.4 billion dollars.