GO
Loading...

Enter multiple symbols separated by commas

Iveco Says Net Profit Doubled in 2006

Czech bus maker Iveco Czech Republic said Friday its net profit doubled in 2006, boosted by growing sales.

The company earned 789 million koruna ($36.9 million) last year, compared with 395 million koruna in 2005, it said in a statement.

Iveco's sales rose by about 30% year-on-year to 9.2 billion koruna ($431 million), the company said.

It sold more than 2,400 buses in 2006, up from 1,883 the previous year, according to preliminary figures. Final figures are to be released in April.

About 80% of the company's buses were exported last year. Most of them - about 1,000 - went to France, the bus maker's most important market. Slovakia, Italy and Germany are other top markets for Iveco.

The company, which until last year was known as Karosa, is owned by Italy's Fiat SpA through its trucks business Iveco.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Piper Hoppe, 10, from Minnetonka, Minnesota, holds a sign at the doorway of River Bluff Dental in Bloomington, Minnesota, on July 29, 2015, during a protest against Cecil's killing.

    The U.S. Fish and Wildlife Service has been trying to find the man who shot a lion in Zimbabwe, but he is not responding.

  • Donald Trump

    From one real estate mogul about another: Don't underestimate Republican presidential candidate Donald Trump.

  • Rifle sight

    Hackers were able to exploit a sniper rifle's vulnerabilities and change the gun's target, according to Wired.

U.S. Video