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BMW Q4 and full-year 2022 results

Jonathan Storey takes a deep dive into the latest financials from BMW

BMW reported a 41% rise in operating profit for Q4 2022 but net profit dropped by 3.6%. The main reason for the two profit measures moving in opposite directions was the impact of the first-time consolidation of BMW Brilliance Automotive (BBA), the Chinese joint venture, from 11 February. Prior to the consolidation, earnings from BMW's 50% stake in BBA were reported on an equity basis.

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