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Ferrari’s Profits Surge 39%
Ferrari NV reports its net profit in April-June climbed to €136 million ($161 million) from €97 million in the same period last year.
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Ferrari NV reports its net profit in April-June climbed to €136 million ($161 million) from €97 million in the same period last year.
The company’s unit sales rose 5% to 2,300 supercars. Ferrari confirms it expects to ship about 8,400 vehicles this year, generating revenue and operating profits of at least €3.3 billion and €950 million, respectively.
Ferrari was spun off from Fiat Chrysler Automobiles NV in October 2015 and was listed under the symbol RACE on the New York Stock Exchange at an initial $52. Shares traded at noon today at $106.60.
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