Fiat Chrysler net profit in the first quarter increased 1.6 times

Automotive concern Fiat Chrysler Automobile, following the results of the first quarter, reported on the increase in its net profit by 59%, or 1.6 times, in annual terms to 1 billion 20 million euros due to strong operating performance and a reduction in debt servicing costs. Operating profit excluding one-time factors increased by 5% to 1.6 billion euros. Quarterly revenue fell by 2% to €27 billion, mainly due to currency fluctuations. Global car sales in the past quarter amounted to 1 million 204 thousand cars, increased by 5%. Sales of Jeep cars increased by 37%. The net debt of the concern decreased by 1.1 billion euros to 1.3 billion euros.

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