BMW Q3 net profit leaps to 874 million euros

BMW Q3 net profit leaps to 874 million euros

Frankfurt: Net profit at the world’s leading luxury car maker, BMW, leapt 11-fold in the third quarter of 2010 compared with the same period a year earlier, to €874 million $1.2 billion), the group said Wednesday.

Analysts polled by Dow Jones Newswires had forecast a gain of 914% to €791 million as German premium car makers benefit from strengthening markets in Brazil, China, India and Russia.

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