After a three-year loss, Porsche Automobil Holding SE predicts to be profitable again in 2011 based on sales of the Panamera sedan and because of the drop in the costs linked to a merger with Volkswagen AG. Porsche said it has set a goal to break even in the last five months of 2010. Porsche, which will switch to calendar-year reporting next year, said that the net loss in the 12 months ended July 31 fell to 454 million euros ($633 million) from a loss of 3.56 billion euros a year earlier.
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