Czech Skoda 2003 revs, net profit down

Newswire

MLADA BOLESLAV, Czech Republic, Feb 26 (Reuters) - Czech Volkswagen AG unit Skoda Auto said on Thursday its 2003 net profit fell 19 percent year-on-year to 1.48 billion crowns ($57.6 million). Skoda, the largest Czech company by turnover and exports, said total revenues dipped to 145.2 billion crowns from 145.7 billion. However, operating profit grew sharply to 5.21 billion crowns from 3.68 billion crowns. East Europe's biggest car maker had earlier reported a one percent rise in unit ...

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