Skip navigation
Newswire

Daimler says may post lower 2003 net profit

FRANKFURT, April 24 (Reuters) - German automaker DaimlerChrysler AG said on Thursday it was not certain it would raise 2003 net profit from 2002's level although it still aimed to post higher operating earnings.

"I am now more cautious," Chief Financial Officer Manfred Gentz told journalists and analysts on a conference call.

"Because of a change in the tax rate...I cannot confirm that we will achieve a higher net income," he added, noting that it was still the company's target to do so.

He noted that the group still expected to post a higher operating profit this year compared with last year.