Volkswagen posts big drop in profits March 12, 2012 - 14:55 AMT PanARMENIAN.Net - Volkswagen AG says it is targeting an increase in deliveries and revenues in 2012 as it reported a big drop in profits in the fourth quarter of last year. According to AP, Volkswagen said Monday, March 12, that it earned euro2.16 billion ($2.8 billion) in the October-December period, compared with the hefty euro3.2 billion reported in the final quarter of 2010. It said revenues rose by a quarter to euro43.06 billion from euro34.33 billion. Volkswagen's operating profit slipped to euro2.29 billion from euro2.32 billion. The company said it expects its full-year deliveries to customers and its revenues to increase in 2012. It said its goal for operating profit is to match last year's level of euro11.27 billion.   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 |  Latest news Viva-MTS: Tech solutions to modernize infrastructure of border village  The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015.Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents.“By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents.The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |
