Cycle & Carriage to post 73 percent rise in 2002 net


By Mantik Kusjanto SINGAPORE, Feb 24 (Reuters) - Auto group Cycle & Carriage Ltd (C&C) is likely to post a 73 percent rise in 2002 net profit this week thanks to solid earnings at its Indonesian affiliate, PT Astra International . The dealer of Mercedes , Kia Motors Corp and Mitsubishi Motors Corp cars in Singapore generates the bulk or 80 percent of its profits from a 34.3 percent stake in Astra, Indonesia's biggest car maker. Astra's finance director announced last month that ...

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