Škoda Auto raises profit by over 30 percent in first quarter
Czech car-maker Škoda auto raised its operating profit by more than 30 percent year on year in the first quarter of 2015, to 242 million euros (approximately 6.6 billion crowns), according to information released by the owner of Škoda, German concern Volkswagen, on Wednesday. The sales of the Czech Republic’s biggest car maker grew by six percent in the same period to 3.2 billion euros. According to the report, Škoda Auto sold 217,000 cars in 2014, which is 1.3 percent more than in the previous year. Last year, the sale of the company’s cars rose by 12.7 percent and for the first time exceeded the one million mark.