Luxury car maker BMW AG said Wednesday that its second-quarter profit slipped 4.3 percent, the victim of a rising euro and falling dollar and higher costs for the launch of new models.
But the Munich-based company said it still expects to sell a record number of cars this year and that its pretax profit would be higher than last year.
The company earned EUR 753 million (US$1.03 billion) in the April-June quarter, compared with EUR 787 million a year ago, below the EUR 766 million (US$1.05 billion) that analysts polled by Dow Jones Newswires had predicted.
"We are still aiming to achieve a pretax profit that, adjusted for the one-off gain on the Rolls-Royce exchangeable bond, is above the record level posted for the previous year," BMW Chief Executive Norbert Reithofer said in a statement.
After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.