Pacifica returns to profitability

Newswire

MELBOURNE, Feb 25 (Reuters) - Automotive parts maker Pacifica Group Ltd returned to profitability in 2002, driven by strong demand for its brakes from U.S. car manufacturers and forecast improved earnings this year. The company reported a net profit of A$44.3 million ($26.8 million) for the year to December 31, up from A$42.9 million loss in 2001. Pacifica forecast a "slight increase" in net profit this year. Analysts had expected a net profit of around A$41.9 million, in a range of ...

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