Luxury automaker BMW posts 51% profit jump in 2011March 8, 2012 - 16:50 AMT PanARMENIAN.Net - Germany luxury automaker BMW says its profits jumped by 51 percent last year to euro4.9 billion ($6.43 billion), AP reported. The result compares to euro3.24 billion from the year before. Sales rose 14 percent to euro68.82 billion. The company said Thursday, March 8, it would raise its dividend to euro2.30 per share from euro1.30. CEONorbert Reithofer said BMW "set new records in unit sales, revenue and profit and more than reached our goals." BMW and competitors Daimler AG and Volkswagen AG have seen big profits from export sales thanks to an economic recovery in the United States and strong demand from China and other emerging markets. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Armenia to participate in key EU meeting for the first time ever National Assembly speaker Alen Simonyan has said that Armenia will for the first time participate in the Conference. U.S. reacts to Russia’s criticism of upcoming Armenia-EU-U.S. meeting Matthew Miller has weighed in on Russia’s criticism of an upcoming Armenia-EU-U.S. meeting. Lavrov sees ‘collapse’ of Russia’s ties with Armenia Russian Foreign Minister Sergey Lavrov has underscored heightened tensions between Russia and Armenia. Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine |