Salem Radio Network News Saturday, September 18, 2021

Business

BMW swings to Q2 profit versus pandemic hit 2020

LONDON (Reuters) – BMW on Tuesday posted a better-than-expected second-quarter net profit versus a loss in the same period in 2020 when the German luxury carmaker was pummelled by the coronavirus pandemic.

BMW posted a net profit for the quarter of 4.8 billion euros ($5.7 billion), versus a loss of 212 million euros for the same quarter in 2020. Analysts on average had expected net income of 2.2 billion euros for the second quarter, according to Refinitiv estimates.

($1 = 0.8420 euros)

(Reporting By Nick Carey; Editing by Kim Coghill)

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