GERMANY: Porsche records ninth record yearly profit in a row - report
Porsche said on Wednesday that pre-tax profit rose 13% in 2002/03, its ninth record year, and said it expected higher sales and revenues in its current year to the end of July 2004, Reuters reported. The world's most profitable car maker reportedly said pre-tax earnings for its last business year came in at €933 million ($US1.1 billion), while net profit rose 22% to €565 million.
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