Porsche's net profit slashed by a third in 2024, keeps dividend stable
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Porsche's net profit is expected to drop by 30.4% in 2024, but the company plans to maintain its dividend at the previous year's level. The luxury carmaker is facing high costs and intense competition in China.
March 12, 2025 | 6:45 am
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Porsche's net profit is projected to decrease by 30.4% in 2024, but the company will maintain its dividend. The firm is dealing with high costs and competition in China.
The significant drop in net profit suggests financial challenges, likely leading to negative sentiment. However, maintaining the dividend could provide some stability to investor confidence.
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IMPORTANCE 80
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