AB Volvo net income increased 32.4 percent in the second quarter to 1.96 billion kronor, or about $251 million at current exchange rates. Net income more than doubled for the first half, to about $839 million.
The better six-month results reflected gains from the sale of some assets, including a 49 percent share in Pripps Ringnes AB beverage group, which fetched about $590 million. Foreign exchange contributed another $128 million to operating income.
Not all of the strength came from one-time events, however.
First-half operating income for Volvo Cars soared nearly 11-fold from a year earlier, to $279 million, as revenue rose 21 percent to $6.25 billion. But the company said income for Volvo Trucks continued to be unsatisfactory, including a second-quarter loss in North America.