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Profits up again at Porsche

Porsche Automobil Holding SE, the company which owns the majority share in Volkswagen as well as Porsche badged vehicles, has announced an increase in profits for the first six months of their current business year (August 1, 2008 to January 21, 2009) Upon closer inspection the startling performance, flying in the face of most of the motor industry, would appear to be from financial trading floors rather than cars sold, as the effect of cash settled share option transactions led to the increase in group profits.

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