PSA 2004 profit dips, cautious on 2005 outlook

Newswire

PARIS, Feb 23 (Reuters) - France's PSA Peugeot Citroen posted a dip in full-year earnings on Wednesday, hit by tough market conditions, and said it saw moderate sales growth and a slight improvement in its operating margin in 2005. Europe's second-biggest carmaker said net profit fell 9.4 percent in 2004 to 1.357 billion euros ($1.79 billion). Operating profit fell 1.4 percent to 2.182 billion euros, yielding an operating margin -- operating profit as a percentage of sales -- of 3.8 ...

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