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Harley-Davidson posts $105.7M profit

Harley finishes Q4 2011 with 10.9% increase in worldwide sales

HARLEY-DAVIDSON posted a profit of $105.7million (£67.2m) at the end of the fourth quarter, a stark contrast to loss from the same period a year ago.

The company's president and chief executive, Keith Wandell claimed the sales jump was a result of improved consumer confidence, prompting more riders to buy its expensive bikes, and key growth investments overseas.

The American manufacturer finished Q4 2011 with sales up by 10.9% worldwide compared with the same period the year before, finishing the year strong with sales up 5.9% over 2010.

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