Wednesday, March 15, 2023

BMW Q4 Pre-tax Profit Climbs, Ups Dividend; Sees Weak Profit In FY23

German luxury carmaker BMW AG reported Wednesday weak net profit in its fourth quarter, while pre-tax profit grew with higher revenues and deliveries. The company also lifted its dividend. For fiscal 2023, Group profit before tax is projected to decrease significantly mainly on the absence of a prior year gain. In its core business, the company expects profitable growth in 2023.

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