Italy's Fiat posts Q4 trading profit for Auto

Newswire

TURIN, Jan 30 (Reuters) - Fiat Auto made a slight trading profit in the fourth quarter of 2005, above analysts' forecasts, as sales of its new Punto car model kicked in. In a statement issued on Monday, Fiat said its key Fiat Auto unit had a trading profit of 21 million euros ($25.41 million) compared with a loss of 156 million a year ago adjusted to International Accounting Standards (IAS). Revenues were 5.562 billion, compared with 5.398 bln in the year-ago period. Fiat said group ...

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