MUNICH (dpa-AFX) - MAN Group (MAGOF.PK) reported that its profit attributable to shareholders for the first-half of 2016 was 10 million euros or 0.07 euros per share, compared to a loss of52 million euros or 0.36 euros per share in the same period last year.
The MAN Group's order intake was 7.4 billion euros, down 1 percent from the prior year.
Sales revenue for the period declined to 6.46 billion euros from 6.72 billion euros in the prior year. Unit sales in the Commercial Vehicles business area declined by 1% to 49,331 vehicles. The figure for MAN Latin America decreased by 19% to 10,131 vehicles.
The MAN Group's operating profit rose to 236 million euros from the previous year's 15 million euros. The increase was primarily attributable to a considerable improvement in operating profit at MAN Truck & Bus. As well as the higher volumes and improved margins, the future growth program launched in the previous year also had a significant effect.
The Executive Board of MAN SE expects a slight year-on-year decline in the MAN Group's sales revenue. Operating profit and the operating return on sales will be significantly higher than the 2015 levels.
Copyright RTT News/dpa-AFX