BMW AG, a premium car maker based in Germany, released a part of its results for FY 2009 today. The largest manufacturer of premium cars in the world reported a decrease in its net profit for FY 2009.

The net profit during FY 2009 beat the market expectations despite falling auto production. The company managed to show better results than many other car companies with the help of its cost cutting techniques and launching of new models in 2009.

For FY 2009, the net profit of BMW was reported €210 million, decreasing by 36% while comparing to FY 2008. The net profit beat the expectations of market analysts who estimated a profit of €174 million in FY 2009. Total revenue in FY 2009 was reported €50.68 billion, declined by 4.7%.

However, the company did not disclose its fourth quarter results in the latest release and said that the fourth quarter results are scheduled to be released by March 17.

BMW posted a decrease in its total car production in 2009. The company said that in 2009 it posted a decrease of around 13% in total car production. In 2009 BMW produced 1.26 million cars while in 2008 it produced 1.44 million cars. The motorcycle division of BMW also reported a decline of 21% in production. The motorcycle division produced nearly 83000 bikes in 2009.