Mercedes sales boost Daimler profits

GERMAN car maker Daimler AG says net profit rose 53 per cent in the third quarter, helped by stronger performance from its luxury brand, Mercedes-Benz.

Net income rose to 1.90 billion euros ($A2.74 billion) from 1.24 billion euros in the same period a year ago. Revenue rose 5 per cent to 30.1 billion euros.

The company on Thursday credited an expanded range of compact cars that helped boost sales. Mercedes sold 8 per cent more cars in the period and raised its operating earnings by 23 per cent to 1.20 billion euros.

CEO Dieter Zetsche said in a statement that “this shows the high investments we have made were money well spent.”

Recommended news articles:

Burgers and chips are fine, in moderation.

14 everyday habits of healthy people

North Queensland star Jonathan Thurston wasn’t happy with the referees last night.

NRL referees’ disgraceful record

Queensland player Jonathan Thurston looks on during a media session at Coolum on the Sunshine Coast, Tuesday, June 26, 2012, following the announcement of the team to play in State of Origin 3 between Queensland and New South Wales on July 4. (AAP Image/Dave Hunt) NO ARCHIVING

NRL referees’ disgraceful record

Young Australian Dylan Tombides has lost his battle with cancer.

Tombides loses battle with cancer