USA: Delphi reports healthy profit increase
Delphi Corporation on Friday reported year-over-year fourth quarter and calendar year 2002 profit increases of 88% and 108% respectively, though the full year figure excludes the impact of restructuring and other charges taken in Q1 2002. On a GAAP basis, net income was $343 million in CY 2002 compared with a $370 million loss in CY 2001.
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