The semi-annual profit of the French PSA grew by 18%

French automotive company PSA Group in the first half of the year increased its net profit by 18% year-on-year to a record 1 billion 481 million euros. Analysts had expected the figure at the level of 1 billion 150 million euros. Revenues reached 38 billion 600 million euros, increasing by 40.1% over the year and exceeding analysts' forecast of 38 billion 370 million euros. In the past half-year the group increased sales by 38% in annual terms to 2 million 180 thousand cars. The profit of the Opel-Vauxhall brand amounted to 502 million euros against a loss of 179 million euros for the last 5 months of 2017. Peugeot, Citroen and DS brands increased profit by 30% to 1 billion 900 million euros.

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