Rheinmetall profits double as revamp complete

Newswire

FRANKFURT, Feb 26 (Reuters) - German defence, electronics and automotive group Rheinmetall said on Wednesday its core profits had doubled in 2002 as it reaped the benefits of a three-year restructuring and cost-cutting programme. Rheinmetall, which makes the Leopard battle tank, said earnings before interest and tax (EBIT) jumped to 391 million euros ($420 million)in 2002 from 197 million the previous year, with all of its major business segments adding to the rise. "The three years of ...

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