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Volvo posts higher 4th quarter profit on brisk Europe sales

2016-02-05 17:56:31| Automakers - Topix.net

Swedish truck maker AB Volvo has posted a fourth quarter net profit of 2.59 billion kronor , compared with a 2.98 billion kronor loss last year, on the back of cost cuts and brisk sales in Europe. The previous year's earnings were hurt by big provisions relating to an EU antitrust case and credit losses in China.

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