PSA H1 net edges lower, auto margin target nudged up

Newswire

PARIS, July 24 (Reuters) - French carmaker PSA Peugeot-Citroen said on Wednesday that net profit edged lower to 985 million euros in the first half of 2002, but nudged up its target for the operating margin in its autos division for the full year. The company said net profit slipped 4.1 percent in the first six months of the year, while operating profit rose 8.7 percent to 1.524 million euros on sales of 27.37 billion. Both the net profit and operating profit figures were above market ...

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