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Demand of luxury cars in China supported the BMW financial report

With 83% operating profit jumped for the second quarter of BMW, writes Reuters. Good financial results of the company are supported mainly by strong sales of cars from the fifth series, the agency notes. Of the three largest producers of luxury cars, BMW has the highest profit margin. The profit before taxes the company has grown by 66% to 2.86 billion announced based in Munich, Germany, company, while analysts predicted a 2.3 billion euro. Net income nearly doubled yoy to 1.81 billion, while revenues have increased by 17 percent to nearly 18 billion, according to the automotive giant. On July 12th, BMW increased its forecast for profit and sales for 2011. Higher financial result in the second quarter due to strong demand for luxury cars in China. BMW of complement that currently produce at full capacity and waiting lists for some models. Extremely high is the demand for X3 model, the company said. Really after the dawn of financial crisis the automotive companies have high increase in their sales and profit, which is supporting the economy results of the main countries.