A-Class: Porsche hits $10bn in revenue, $10 billion in profit in 2019 August 25, 2021 August 25, 2021 admin

Porsche’s $10.9bn fourth-quarter profit, driven by a $2.4bn revenue gain from the North American A-class, helped the company beat analysts’ estimates for the year.

The company earned $8.8bn in profit for the quarter, or a $1.9 billion profit margin.

Porsche’s profits rose from $8bn a year ago to $9.9b in the quarter.

Porsche, whose iconic 911 is the most profitable car brand in the world, reported its fourth-straight quarter of record profit and revenue growth.

Powered by its Porsche Mission E, the new 911 has a price tag of $104,990 and the top speed of 189mph.