USA: General Motors full year profit falls 18%
General Motors on Tuesday reported 2003 net income of $US3.8 billion, or $7.14 per share, compared with $1.7 billion, or $3.35 per share, in 2002. Revenue rose 4.6% to $185.5 billion from $177.3 billion in 2002, which is restated to exclude Hughes Electronics. Adjusted income, excluding special items and results from Hughes Electronics, totalled $3.2 billion, or $5.62 per share, in 2003, compared with $3.9 billion, or $6.98 per share in 2002.
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