Economy
Volkswagen to receive $399m in profits on gas trade: Bloomberg
Follow-ups -eshrag News:
Sun, 2022-09-18 15:13
RIYADH: German vehicle manufacturer Volkswagen is set to receive multi-million euros in profits as it sells large amounts of fuel, Bloomberg reported.
According to Bloomberg calculations, VW could receive around €400 million ($399 million) in profit.
The firm has sold 2.6 terawatt-hours worth of gas contracts, according to a document seen by Bloomberg News. The amount is enough to run around 200,000 normal, gas-heated homes for a year.
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