MAN Diesel & Turbo lifts profit in face of fewer orders

The German engine manufacturer MAN Diesel & Turbo emerged from its third quarter with a better operating result than the same period last year, although there was a drop in new orders.

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While the German MAN group is having trouble with its sale of trucks in Brazil, the company’s Diesel & Turbo division made more money in the third quarter of 2015 than in the same period last year, the company’s newly published interim report shows.

Whereas MAN Diesel & Turbo presented operating profit of EUR 59 million in Q3 2014, it raised its profit to EUR 82 million in the corresponding quarter this year. The progress was driven by its Engines & Marine Systems unit where operating profit rose from EUR 42 million in Q3 2014 to EUR 88 million in the latest three months period, while its Power Plants segment went from operating profit of EUR 17 million in the quarter last year to a deficit of EUR 20 million this time around.

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