Newswire

VW sees Q2 operating profit improving over Q1

FRANKFURT, April 30 (Reuters) - Germany's Volkswagen AG said on Friday it expected operating profits in the second quarter to improve markedly from the first.

"For the second quarter, we expect a significant improvement in profits over the first quarter," Chief Financial Officer Hans Dieter Poetsch told an analysts conference call.

The company earlier posted first-quarter operating profit of 329 million euros ($389 million), down from 604 million a year ago.