Australia's Pacifica yr net profit falls

Newswire

SYDNEY, Feb 23 (Reuters) - Australian auto brake parts maker Pacifica Group Ltd. said on Wednesday its calendar 2004 net profit fell 30 percent, hurt by soaring steel prices, weaker production and a stronger Australian dollar. The company reported a net profit for the 12 months to Dec. 31, 2004, of A$33.68 million ($26.5 million), compared with A$48.2 million a year earlier. Pacifica is trying to speed plans to shift its manufacturing to Asia. Its rivals include Germany's Robert Bosch ...

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