Volkswagen Financial Services (VWFS) generated a pre-tax operating profit of €696m (£599m) for the first six months of the year, an increase of 5% from the same period last year.

Total revenue for VWFS increased to €11.2bn up to 30 June 2013, an increase of 21.8% from the first six months of 2012.

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Operating profit for the Volkswagen Group was down 11.6% year-on-year to €5.8bn while deliveries by the group increased by 5.4% to 4.8 million vehicles, despite a decrease of 3.6% in new deliveries to the European market.

Sales revenue for the Group was up by 3.5% to €98.7bn.

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