Belfast Telegraph

BMW net profit increases by 18%

Car giant BMW said that net profit increased 18% to €1.35bn (£1.1bn) in the first quarter over the same period last year, boosted by stronger sales in the US and China.

Revenue rose 14% to €18.29bn (£14.8bn). Demand was flat in the company's home markets in Europe where there is a debt crisis and slow economy, but sales rose 36% in China.