PSA Group sharply increased its profit


French car producer company PSA Group reported a significant profit growth in the first half of the year. Weaker emerging market sales may change because PSA Group defies a global industry downturn. Peugeot’s operating margin lifted to a new 8,7% high from its 7,8% figure a year earlier. The total margin raised due to cost reduction by 270 million euro. Operating income was at the level of 3,34 euro, the net profit rose almost a quarter to more than 1,8 bn euro. On the other hand, revenue lost 0,7% to 38,3 billion euro. In Paris PSA stocks were trading 0,8% more expensive. Chief Financial Officer Philippe de Rovira told journalists the company’s results proved its sustainability in spite of the field weakness.  

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