LONDON (Reuters) – BMW mentioned on Thursday its first-quarter revenue soared due to a reevaluation of the German carmaker’s stake in its Chinese language three way partnership, whereas sturdy pricing offset decrease gross sales hit by provide chain points.

The corporate reported a web revenue of 10.2 billion euros ($10.8 billion) versus 2.8 billion euros a yr earlier. Excluding the influence of the stake in its three way partnership with Brilliance Auto Group, BMW reported an working revenue of three.4 billion euros, up from 3 billion euros a yr earlier.

($1 = 0.9422 euros)