BMW posts strong results

BMW raised its dividend after reporting consensus-busting 2010 results, helped by strong sales growth in China.

BMW raised its dividend after reporting consensus-busting 2010 results, helped by strong sales growth in China.

The German carmaker said it would pay a 2010 dividend of €1.30 euros per share, more than the 1.24 euro average estimate in a Reuters poll of analysts.

Full-year net profit jumped to €3.23 billion from €210 million a year earlier, well above the consensus of €2.92 billion.

BMW said it aimed to post record sales of more than 1.5 million vehicles in 2011.

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Earlier this week BMW said growth in Asia, Europe and the US boosted February sales of BMW, Mini and Rolls-Royce vehicles by 21.7 per cent but warned growth would slow toward year-end.

Reuters