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Porsche SE Withdraws Profit Forecast, Anticipates Substantial Loss
Porsche SE withdrew its profit forecast for the fiscal year, now expecting a substantial loss due to significant write-downs on its VW shares; this stems from a discrepancy between the book value and current market value of the shares, exacerbated by a delay in VW's internal planning data related to...
Porsche SE Withdraws Profit Forecast, Anticipates Substantial Loss
Porsche SE withdrew its profit forecast for the fiscal year, now expecting a substantial loss due to significant write-downs on its VW shares; this stems from a discrepancy between the book value and current market value of the shares, exacerbated by a delay in VW's internal planning data related to...
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