Volvo Cars Q4 Earnings Down On Weak Sales; Continues To See Strong Customer Demand
Swedish luxury car maker Volvo Cars, owned by Chinese automaker Geely Automobile Holdings (GELYF.PK), reported Friday that its fourth-quarter basic earnings per share declined to 0.66 Swedish krona from last year’s 1.92 kronor. Operating income was 3.7 billion kronor in the quarter, down from 4.9 billion kronor a year ago. Operating margin was 4.6 percent, down from 5.8 percent last […]
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