MAN's 2006 Net Profit Nearly Doubles
By: AP
Truckmaker MAN, which withdrew its hostile takeover offer for rival Scania, said Tuesday its annual profit nearly doubled in 2006.
The Munich-based company earned 925 million euros ($1195.56 million) in 2006 compared with 472 million euros a year earlier, beating the $916 million (708.7 million euros) analysts polled by Dow Jones News had predicted.
Sales rose 15% to $13 billion (10.06 billion euros) last year, better than the $1.09 billion (840 million euros) analysts had predicted.
Truckmaker MAN, which withdrew its hostile takeover offer for rival Scania, said Tuesday its annual profit nearly doubled in 2006.
