French carmaker PSA Group delivered a sharp increase in first-half profit, as ne...
FILE PHOTO: The Peugeot logo is pictured on the new Peugeot 508 before a news conference of PSA Group to announce the company's 2017 annual results at their headquarters in Rueil-Malmaison, near Paris, France, March 1, 2018. REUTERS/Benoit Tessier/File Photo
Recurring operating income at the maker of Peugeot and Citroen cars rose 10.6% to 3.34 billion euros , lifting its operating margin to a new record of 8.7% in January-June. “These headwinds were more than compensated by our efficiency and continuous efforts to save costs,” he added.
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