Daimler profit rises

Frankfurt - The German carmaker Daimler reported Wednesday a 12-per-cent rise in second-quarter profit thanks to strong demand for its luxury Mercedes-Benz cars.

Earnings before interest and taxes climbed to 2.46 billion euros (3.3 billion dollars) during the quarter from 2.19 billion euros in the same period last year, the Stuttgart-based company said.

“Our strategy is bearing fruit,” Daimler chief Dieter Zetsche said.

“Supported by our product offensive and the successful continuation of our efficiency programs, we look to the future with optimism.”

The group's flagship Mercedes-Benz division reported a 35-per-cent year-on-year rise in second-quarter earnings before interest and taxes to 1.41 billion euros.

Group revenue for the latest quarter grew 6 per cent to 31.5 billion euros, Daimler said. - Sapa-dpa