Renault SA reported higher net income for the fiscal year that ended Dec. 31, 2017, boosted by increased group revenues.
The French automobile manufacturer's net income came in at €5.11 billion, or €18.87 per share, up from €3.42 billion, or €12.57 per share, in the previous fiscal year.
Group revenues for the year increased by 14.7% to €58.77 billion from €51.24 billion in the previous fiscal year.
In addition, operating income grew by 15.9% to €3.81 billion from €3.28 billion in 2016.
The company's operating profit climbed to €3.85 billion from €3.28 billion.
Net financial expenses came in at €504 million, compared to €323 million recorded in 2016.
Renault also confirmed its outlook for the next 12 months, aiming to increase revenues and maintain group operating margin above 6%. It also expects the global market to expand by 2.5% and the European market to grow by 1%.
The company said it would submit for approval at its next annual general meeting a dividend of €3.55 per share, up from last year's €3.15.
