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BMW Profit Up 17.5%

BMW AG net income for the second quarter ended June 30 was 787 million euro ($1 billion), or 1.20 euro ($1.53) per share, up 17.5 percent from net income of 670 million euro, or 90 euro cents per share, for the same three-month period in 2005.
The Munich-based company said sales rose by 8 percent to 13.19 billion euro ($16.8 billion) from 12.16 billion euro.
The company sold 365,547 BMW, MINI and Rolls-Royce brand cars from April to June - an increase of 3.2 percent from the same time last year.
Second quarter motorcycle sales totaled 37,052 units, a 3 percent rise from a year earlier. However, for the first six months, overall sales were down 2.1 percent.

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