Volvo profits up

Volvo profits up Volvo profits up
Volvo Buses reports an increase in orders and profitability in the first quarter of 2011. The company’s order intake rose 17 per cent to 2,369, compared with 2,033 in the same period last year. In the first quarter, net sales dropped 4 per cent to SEK4,859million (£483million) from SEK5,067million (£503million), but operating profits rose to SEK281million (£28million) from SEK145million (£14million).