Volvo Group’s third-quarter net profit up 38%

Volvo Group (Volvo AB, VOLVY) said Friday its third-quarter net profit rose 38%, exceeding expectations.

The company said it is still struggling to meet the needs of the truck market, especially in the North American market.

Net profit for the third quarter ended September 30 was 7.46 billion Swedish kronor ($829 million), up from S$5.41 billion in the same period last year.