Škoda Auto posts net profit of nearly 16 billion crowns in 2007
Czech car maker Škoda Auto recorded a net profit of 15.98 billion CZK (993 million USD) in 2007, said the company’s chief financial officer, Holger Kintscher, on Thursday. This figure is up more than 44 percent on that of the previous year, he added. Sales rose by nine percent year on year to 222 billion crowns in 2007, with the firm selling more than 630,000 cars. Last year, Škoda Auto’s production topped 661,000 units, and it is expected to break through the 700,000 unit barrier this year, said Mr Kintscher. The firm has been the Czech Republic’s biggest exporter for the last couple of years.