Summary
Shares in BMW rose by seven per cent in Germany yesterday after the world's biggest premium carmaker reported a smaller than expected first quarter financial loss.
The Munich-based group's EBIT (earnings before interest and tax) deficit of 55 million euros (pounds 49 million) was more than five times lower than the 291 million euros loss expected by analysts.See the full content of this document
Extract
Small Loss Drives Bmw Shares Up ; Automotive
The outcome compared with a samebasis profit of 827 million euros in the same quarter last year. Group reven...
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