PRAGUE -- Czech carmaker Skoda Auto's first-half net profit more than doubled to 2.04 billion crowns ($77.30 million) from last year, driven by a four percent rise in sales to 78.9 billion crowns, Skoda said on Friday.
Unit sales at the Czech Republic's largest company grew 0.7 percent to 227,911 cars.
Domestic sales plunged 10.6 percent, and in its key western European market dipped 1.3 percent, but that was more than offset by rising demand in other central and eastern European countries, resulting in a 6.3 percent year-on-year increase in sales there.
"We managed to sharply improve our financial results despite a fall in some car markets and higher costs of launching a new model of Octavia," Skoda said in a statement.
Skoda is wholly owned by Germany's Volkswagen AG.
Its best-selling product remains the compact Fabia, whose sales edged 0.8 percent higher, while the firm's new limousine, Superb, suffered a setback with a nine percent drop in sales.