
By how much will Porsche's profit be higher than its turnover?
Suspend date reached
Background:>
Der Spiegel news magazine said the unusual accounting situation would result from the revaluation of the 31-percent Volkswagen stake. Porsche would report profits of more than 11 billion euros ($17 billion) on turnover of just 8.6 billion euros.
http://www.dw-world.de/dw/article/0,2144,3514328,00.html
http://uk.reuters.com/article/motoringSummary/idUKGRI44340920080724
Settlement details:
As reported by a major mainstream news source. Hundreds of millions are to be used to settle. So 11.567 billion and 11.543 are considered same. To calculate the differences and ratios, only the first decimal from the amount in billions is to be used. So if 11.567 and 8.654 are reported, the calculation would be 11.5 / 8.6 = 1.279 which means it would by higher by 28.9%
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Profit is NOT higher than turnover |
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Profit is up to 10% higher |
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Profit is up to 25% higher |
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Profit is up to 30% higher |
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Profit is up to 35% higher |
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Profit is up to 50% higher |
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Profit is more than 50% higher |
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Suspend date: Thu 31st Jul 4:59pm PDT
Initial likelihoods: Profit is NOT higher than turnover: 1%, Profit is up to 10% higher: 5%, Profit is up to 25% higher: 18%, Profit is up to 30% higher: 52%, Profit is up to 35% higher: 18%, Profit is up to 50% higher: 5%, Profit is more than 50% higher: 1%
Action history:
Chris
It has to be settled or voided.
http://www.ft.com/cms/s/0/2391ba56-aa10-11dd-958b-000077b07658.html
Turnover = 7.466 Billion
Revenue = 8.569 Billion
8.5/7.4 = 1,1486
Revenue is 14,86% higher than Turnover
Suspend date: Thu 31st Jul 4:59pm PDT
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Predictions (91)
91 predictions
Comments (12)
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Do you mean NET PROFIT, or gross profit, or operating profit?
And for what kind of period of the financial report concern the question? Q4, or only July,
or from January 08 to the end of July 08?
Thanks.
The report said revenues are expected to total 8.6 billion euros and net profit is predicted to be more than 11 billion.
The magazine said profits stem mainly from the new valuation of Porsche's 31 percent shareholding in VW as well as financial derivatives linked with the VW shares.
Porsche said in mid-July when it released its 10-months results that profit developments at VW and the derivative instruments linked with Porsche's plans to increase its shareholding in VW in the future would have a "significant" influence on its overall profit situation for the business year."
http://www.sharewatch.com/story.php?storynumber=12771
Does this answer your questions? I'm not so in stock market peculiarities. :(
I have already staked up to 30%, but I'm still wondering about this greate news.
Thanks again.
http://www.porsche-se.com/pho/en/investorrelations/
http://www.ft.com/cms/s/0/2391ba56-aa10-11dd-958b-000077b07658.html
Thanks everyone!
Turnover = 7.466 Billion
Revenue = 8.569 Billion
8.5/7.4 = 1,1486
Revenue is 14,86% higher than Turnover
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