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VW Q2 operating profit rises 30% as utility vehicle push pays off

FRANKFURT — Volkswagen Group said its second-quarter operating profit rose 30 percent despite lower vehicle sales, helped by VW brand’s higher-margin utility vehicles and rising volumes at Porsche and Skoda.

Operating profit rose to 5.13 billion euros ($5.71 billion), up from 3.94 billion ($4.4 billion) in the second quarter last year, the automaker said in a statement on Thursday. Vehicle sales fell 1.8 percent.

The operating profit jump was magnified by the absence of a diesel charge that VW booked in the year-earlier period.

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