Australia Pacifica posts year profit up nine pct

Newswire

SYDNEY, Feb 25 (Reuters) - Australia auto parts maker Pacifica Group Ltd posted a nine percent rise in calendar 2003 net profit on Wednesday, as improved sales were partly offset by the stronger Australian dollar. Pacifica, which supplies brake and clutch parts to automakers in the United States, Australia, Malaysia and Thailand, reported a net profit of A$48.2 million ($37.7 million) for the year to December 31, compared with a profit of A$44.3 million a year earlier. Shares in ...

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