USA: ArvinMeritor net profit down $US11 million in fiscal Q2, up for H1
ArvinMeritor on Wednesday reported sales of $US2.0 billion and net income of $24 million (down $11 million year on year), or $0.36 per diluted share, for its second fiscal quarter ended March 31, 2003. Sales increased $306 million, or 18%, compared with Q2, 2002. Earnings per share were at the top end of the range forecast by the company at the end of March.
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