FRANCE: Valeo increases net income by 34% in 2003 on lower sales
Valeo continued its recovery in 2003, reporting net income of 181 million euros - 34% ahead of 1992's figure. However, the company said that consolidated sales declined by 6% in 2003, reflecting the impact of the weak dollar (at constant reporting entity and exchange rates, Valeo put the fall at 1%).
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