Volkswagen posts consensus-beating underlying second-quarter profit

Reuters  |  WOLFSBURG, Germany 

WOLFSBURG, (Reuters) - German carmaker posted a forecast-beating 23 percent rise in underlying second-quarter operating profit on Wednesday, even as difficulties conforming to a new anti-pollution rules continue to cause a slowdown in

Operating profit before special items rose to 5.58 billion euros, compared with consensus for 4.98 billion in a poll.

The group affirmed its guidance for the full year, but warned that major efforts lie ahead in the coming months, especially in connection with the Worldwide Harmonized Light Duty Vehicles Test Procedure (WLTP), a new anti-pollution test.

(Reporting by Jan Schwartz; Writing by and Maria Sheahan; Editing by Victoria Bryan)

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First Published: Wed, August 01 2018. 12:09 IST