Porsche said its profit jumped 25 percent last year to a record, providing much-needed support to parent Volkswagen Group as it braces for the high cost of resolving its emissions-cheating scandal.Operating profit increased to 3.4 billion euros ($3.78 billion), and revenue improved 25 percent to 21.5 billion euros, Porsche said today in a statement.
Following a boost last year from the rollout of the Macan compact SUV, delivery growth is set to slow this year. Porsche also faces substantial expenses for developing its first fully-electric model and expanding its manufacturing network.
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