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Europe’s biggest carmaker Volkswagen on Tuesday reported a 22-per-cent gain in first-quarter profit, beating forecasts.
Earnings before interest and tax rose to 2.86 billion euros (3.97 billion dollars) compared with 2.34 billion euros in the same period last year, the Germany-based group said.
Analysts had expected a rise to 2.74 billion euros.
Revenue rose 2.7 per cent to 47.8 billion euros during the first three months of the year despite the impact of a stronger euro, the company said.
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