GERMANY: DaimlerChrysler Q1 net profit surges
DaimlerChrysler, which yesterday announced plans to sell a majority stake of Chrysler to private equity group Cerberus, on Tuesday announced a net profit of EUR1,972m, up from EUR781m a year ago. Earnings per share rose from EUR0.77 to EUR1.89 on group revenues down to EUR35.4bn from EUR37.4bn).
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