Volvo Cars first half 2016 operating income triples to SEK5.59bn
Volvo Cars, the premium car maker, has reported a strong first half of 2016 with operating income more than tripling to SEK5.59bn compared to SEK1.66bn reported in the same period last year. Revenues for the half rose from SEK75.215bn to SEK83.647bn. The operating profit margin for the first half of this year also tripled to 6.7 per cent from 2.2 per cent for the same period last year. Sales for the first six months of the year were up 10.5 per cent compared to the same period last year to 256,563 cars. Moreover, this growth was generated from simultaneous increases in all three