Czech Skoda Auto sees flat 2003 profit, weak mkt

Newswire

PRAGUE, Feb 26 (Reuters) - Leading Czech car maker Skoda Auto said on Wednesday it expects to post flat profits for 2003 as the passenger car market remains weak. "In the short term outlook we cannot expect a quick recovery of sales markets. Our goal for 2003 is to reach a result on last year's level," the firm quoted Chairman Vratislav Kulhanek as saying. The unit of Germany's Volkswagen AG posted earlier on Wednesday a net profit of 1.83 billion crowns for 2002, down from 2.13 billion ...

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