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BorgWarner recently announced financial reports for the second quarter and the first half of the year. As the company's business in the European region continues to warm and the strong growth of its engine group business, its operating income and operating profit for the second quarter and first half of the year Both the net profit and the increase have been achieved.
In the second quarter of this year, BorgWarner’s operating income reached US$2.2 billion, an increase of 16.1% year-on-year. The company’s second-quarter operating profit increased from US$240 million in the same period last year to US$280 million, a year-on-year increase of 13.7%; The second quarter net profit of 200 million US dollars, an increase of 11.0%.
In the first half of the year, BorgWarner’s operating income reached US$4.28 billion, an increase of 14.3% from US$3.74 billion in the same period of last year. The company’s operating profit for the first half of the year was US$510 million, a year-on-year increase of 16.3%; its net profit for the first half of the year was From the 330 million U.S. dollars in the same period of last year to 370 million U.S. dollars, the year-on-year increase was 11.7%.
Gebner Warner Engine Group's business unit revenue reached $1.5 billion in the second quarter, up 16.2% year-on-year. The business unit's operating revenue for the first half of the year was $2.91 billion, an increase of 14.3% from $2.55 billion in the same period last year.
The second quarter operating revenue of the Gebaughna Transmission Systems Group rose by nearly 15.5% to US$710 million. The business unit’s operating income for the first half of the year reached US$1.39 billion, a year-on-year increase of 14.4%.
BorgWarner CEO James Verrie said that due to the company's advanced automotive powertrain technology in the global market share is gradually rising, and the acquisition of Wahler company to promote the BorgWarner business, combined with the high operating efficiency of BorgWarner, BorgWarner Decided to increase its performance forecast for the full year.
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