Volkswagen says net profit up 40%

VOLKSWAGEN, Europe's biggest carmaker, says its net profit zoomed ahead by more the 40 per cent last year on higher vehicle sales.

VW said in a statement on Friday its net profit soared by 40.9 per cent to a record 21.7 billion euros ($A28.06 billion) in 2012 as revenues rose by 20.9 per cent to 192.7 billion euros and deliveries to customers were up 12.2 per cent at 9.276 million vehicles.

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