Daimler, Germany's car and truck manufacturer published that its quarterly operating revenue was increased by selling its stakes in aerospace and defense firm EADS.
On Friday, Daimler reported its major financial results earlier than the set schedule. The company's second-quarter earnings before interest and tax boosted to Eur5.2 billion equivalent to US$6.8 billion. Eur3.2 billion in the said earnings came from the sale of the stake.
Daimler stated that it still anticipated its EBIT to be greater for the second half as compared with the first half.
On July 24, the company were scheduled to publish its full quarterly results.
The Stuttgart, Baden-Württemberg-based company was the world's thirteenth-biggest car maker and second-biggest truck maker. Furthermore, Daimler manufactured buses. Its Daimler Financial Services arm also provided monetary assistance.
As of this year, Daimler owned shares in several bus, car and truck brands. Some of these were BharatBenz, Denza, Freightliner, KAMAZ, Mercedes-AMG, Mercedes-Benz, Mitsubishi Fuso, Renault-Nissan Alliance, Smart, Setra, Thomas Built Buses and Western Star.
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