Fiat parent co 2003 net loss 2.4 bln euros, no div

Newswire

MILAN, March 26 (Reuters) - Italian industrial group Fiat said on Friday its parent company Fiat SpA made a net loss of about 2.4 billion euros in 2003, worse than a two billion euro net loss a year earlier due to writedowns. Fiat said it would not pay a dividend, for a second consecutive year. The company, which is fighting its way out of its worst ever crisis, said 2003's net loss was mainly due to writedowns on equity investments while 2002 results had been boosted by a 632 ...

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