Published on 20 Jul 2024 on dpa international · via Yahoo Finance
Half-year profits down at Porsche SE holding company
The word "Porsche" is written behind the company logo. Sebastian Gollnow/dpa
Profits decreased in the first half of the year at Germany's Porsche Automobil Holding SE, the firm reported on Wednesday, mainly due to decreased revenue, elevated costs, and expenses.
The group, the major shareholder in Volkswagen, also noted that its sales revenue was impacted by lower product availability and a value over volume strategy in China.