Audi '03 net profit 816 mln eur, '04 started well

Newswire

FRANKFURT, Feb 25 (Reuters) - Audi , the luxury unit of German carmaker Volkswagen said on Wednesday net profit rose five percent to 816 million euros ($1.03 billion) last year and forecast "stable earnings" for 2004. "Audi is expecting a stable earnings situation," it said ahead of its annual news conference. "The year has started well for Audi," Chief Executive Martin Winterkorn said in the text of a speech. Audi also said it wanted to increase both unit sales and sales this year. ...

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