BMW reports record revenues and profit in 2010

German automobile manufacturer BMW has achieved new records for revenues and group profit in 2010.

Revenues climbed by 19.3 per cent to €60,477m (£37,572m) from €50,681m in the previous year.

Profit before tax (EBIT) rose steeply to €4,836m, up from €413m in 2009.

The group reports a record net profit for the year of €3,234m, a significant increase from €210m.