Associated Press (Frankfurt) - Sports car maker Porsche AG says it made €2.05 billion in operating earnings in 2011.
That’s an increase of 22 percent from the year before, measured as operating earnings before interest and taxes. Revenues rose 18 percent to €10.9 billion.
Porsche increased vehicle sales by 21 percent to 116,978. Key markets were China, the U.S., Russia and Germany. Sales of the company's Cayenne sports utility vehicle jumped 49 percent to 59,900.
Porsche is in the process of being merged into Volkswagen, but legal issues have held up the company's full integration.
