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Volvo tops expectations
STOCKHOLM: Swedish car company Volvo earned pre-tax profit before extraordinaries of 380 million kronor (about HK$368 million), compared with a 103 million kronor loss a year earlier.
Volvo's first-half profit far exceeded expectations. A survey of analysts carried out by Sweden's Nyhetsbyran Direct predicted Volvo would record a 302 million kronor pre-tax loss in the first half.
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