Rieter net profit up, sees further gains


ZURICH, March 30 (Reuters) - Swiss textile machinery and car components maker Rieter said on Tuesday net profit rose by 38.4 percent to 116 million Swiss francs ($90.84 million) in 2003. Operating profit was higher at 202.4 million francs, compared with 200.9 million a year earlier. Rieter said it expected further improvements in operating profit going forward, helped by measures to improve productivity and cut costs. It forecast 2004 sales to rise slightly at constant exchange rates. ...

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