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Name | Symbol | Market | Type |
---|---|---|---|
Porsche Automobile Holding SE (PK) | USOTC:POAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.70 | 4.55 | 4.80 | 0.00 | 12:09:41 |
German sportscar maker Porsche Automobile Holding SE (PAH3.XE) said Friday its net liquidity has improved significantly following the successful completion of its capital increase.
MAIN FACTS:
-As of the reporting date for the first three months of the fiscal year 2011 (31 March 2011), net liquidity was still -EUR6.7 billion.
-In April 2011, the capital increase produced issue proceeds of some EUR4.9 billion at Porsche SE, which was fully utilized to repay liabilities to banks.
-As a result, net liquidity is -EUR1.8 billion before the expected inflow of dividends from the investments.
-As a result of the repayment of liabilities to banks, the future interest expenses of Porsche SE will decrease significantly
-First-quarter profit after tax came in at EUR691 million, mainly due to the very good development of its investments at Porsche and Volkswagen AG (VOW.XE).
-Profits from investments accounted for at equity were EUR606 million in the first three months.
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500
1 Year Porsche Automobile (PK) Chart |
1 Month Porsche Automobile (PK) Chart |
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