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BMW posts USD424.1m Q1 net profit

German luxury automaker BMW AG reported on Wednesday a first-quarter profit on improved sales and said that rising demand for premium cars bodes well for its full-year earnings.

The world’s biggest luxury carmaker, BMW earned EUR324 million (USD424.1 million) in net income in the first quarter compared with a loss of EUR152 million (USD195.1 million) a year ago.