A worker at a Volvo car shop introduces the Volvo xc60 and other models via live streaming in Shanghai, China, 18 March 2024.
Photo Future Publishing | Getty Images
Shares of Volvo Cars rose sharply on Friday after the company reported a jump in annual operating profit for the second quarter.
By 8:30 am, London shares were up 7.35%. Core operating profit for the quarter came in at 8.2 billion Swedish kronor ($776 million), 28% higher than in the same quarter last year, the company said in a statement.
This is the highest figure for an individual quarter, the automaker said.
This is a developing story that will be updated soon.
