Profit of Porsche in 2024 shrinks by over 20 percent


By Rao BoShan Weiyi
  • World
  • Thursday, 13 Mar 2025

FRANKFURT, March 12 (Xinhua) -- The German Luxury sports car manufacturer Porsche AG on Wednesday published the financial results for the 2024 financial year, and the group's operating profit contracted by over 20 percent.

Both its sales and revenue declined slightly last year and the operating profit, standing at 5.64 billion euros (6.15 billion U.S. dollars), slid by over 22 percent year on year, data released by the company showed.

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