Mubasher: Fiat Chrysler Automobiles (FCA) reported a 17% percent rise in operating profits in the third quarter of 2017.
The company said that the increase in profits was supported by the a strong performance in its key North American market and improving operations in Europe and Latin America.
The seventh-largest carmaker in the world posted an 8% adjusted operating profit margin in the region, up from 7.6% a year ago, despite a decline in sales, as reported by Reuters.
Adjusted earnings before interest and tax (EBIT) for the period rose to EUR 1.76 billion, while revenues were down 2% to EUR 26.4 billion euros.
Meanwhile, net industrial debt rose to EUR 4.4 billion by the end of September up from EUR 4.2 billion in the previous quarter.
