Net income in the first six months rose to Ђ1.05 billion (US$1.36 billion), from Ђ170 million in the same period a year earlier, the company said in a statement. Sales fell to Ђ3.05 billion (US$3.96 billion), from Ђ3.26 billion a year earlier and below analysts' estimates of Ђ3.17 billion (US$4.11 billion).
Porsche said net profit was boosted by a better model mix, gains from stock-price hedging and a re-evaluation of the company's 27.4 percent stake in Volkswagen.
The re-evaluation of the Volkswagen stake, which Porsche said was necessary to reflect the increase in its stake in Europe's biggest carmaker, contributed Ђ520 million (US$674.86 million) to the bottom line.
Analysts had expected the Stuttgart-based sportscar maker to post net profit of Ђ340 million (US$441.25 million) in the first six months, reports AP.
Porsche shares were down 0.84 percent in early Frankfurt trading to Ђ1,001.51 (US$1,299.76).
Porsche's fiscal year ends July 31.
In his presentation, Heine cited some scientific research that classifies pedophilia as "an immutable sexual orientation".
Not that long ago, American soldiers would train their skills to counter insurgent and partisan military organizations. These days, they are trained to show resistance to the regular army of a potential adversary