Fiat CEO sees more than 700 mln euro net profit '06

Newswire

(Repeats text to add euro-dollar conversion in para 1) TURIN, Italy June 23 (Reuters) - Italian industrial group Fiat expects to book a net profit of more than 700 million euros ($853 million) in 2006, rising to 1.6 billion to 2.0 billion euros in 2007, Chief Executive Sergio Marchionne said on Thursday. In a speech to shareholders, Marchionne confirmed Fiat's 2005 targets. Fiat expects to book a net profit this year thanks to a 1.55 billion euro split-up settlement from former partner ...

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