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 14 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."
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