Lamborghini’s profits plunged in the first six months of 2009, but in contrast to many car manufacturers it is still making money.

Lamborghini reported a first-half profit of $7.6 million, down from $49.5 million in the same period last year. Turnover was $222, down 43.3 per cent.

The company, which has launched several new models in the past year, said worldwide vehicle sales dropped 37 percent, from 1,309 to 825 cars.

The posting marked the first decline in the manufacturer’s numbers in the past year, Autocars reported.

The decline was steepest in the U.S., where unit sales dropped 52 percent, from 431 to 207 units.

European markets including Italy and Switzerland remained at the 2008 levels, while the only region to register increase was, obviously, China (only 29 cars though).

Despite the economic downturn, Lamborghini CEO Stephan Winkelmann said the company’s policy of releasing a brand new product every year will remain unchanged.

The last Lamborghini creation to be unveiled this year was the Gallardo LP550-2 Valentino Balboni, a 250 limited edition of the LP 550-2.

Photo: Autoblog

Gallardo LP550-2 Valentino Balboni