Porsche SE's profit drop reflects lower earnings at VW

Porsche SE , the main shareholder of Volkswagen (VW) , said first-half net profit plunged 41 percent, reflecting lower earnings at VW, which is grappling with its emissions scandal. Net profit in the January-to-June period declined to 980 million euros (830 million pounds) from 1.65 billion a year earlier, Porsche SE said on Monday. The holding company for the Porsche and Piech families which controls 52.2 percent of Volkswagen's voting shares, said net liquidity stood at 1.32 billion euros at t