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BERLIN (Reuters) -Porsche SE, which controls Volkswagen, said on Tuesday that adjusted profit after tax fell by over a third in the first nine months of the year, citing problems at the German carmaker and its subsidiary Porsche AG.
Group adjusted earnings after tax were down 36% on the previous year at 1.6 billion euros, the holding company said.
Porsche SE issued a profit warning in September, lowering its forecast margin to 2% from a previous range of 5% to 7% due to the ripple effects of a costly strategy reversal at Volkswagen's ailing sports car brand Porsche AG.
(Reporting by Rachel More, Editing by Miranda Murray)
