CANBERRA – Holden Ltd. saw record revenues last fiscal year, beating its domestic competition, but was unable to translate the achievement into higher profits. The General Motors Corp. subsidiary reported A$257.4 million ($169 million) in net income, down 10% on 2001 earnings of $285 million ($187 million). Revenue rose by A$371 million ($244 million), or 6%, to A$5.9 billion ($3.9 billion), enabling Holden to raise its dividend payment to GM by 11% to $278 million ($183 million) and to ...

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