Volvo Cars ' Q2 operating profit halves

Volvo Cars, majority-owned by China's Geely Holding (GEELY.UL), said operating earnings fell to 5.0 billion Swedish crowns ($488.62 million) from a year-ago 10.8 billion. The company said the reason for last year's high profits was due to a one-off non-recurring accounting effect from Polestar's…#volvocars #swedish #polestar #refinitiv #mariemannes #annaringstrom #jacquelinewong
Source: Reuters: Health - Category: Consumer Health News Source Type: news