Scania triples Q4 profit to 1.26 bln SEK

Newswire

STOCKHOLM, Jan 31 (Reuters) - Swedish truck maker Scania, one of the most profitable companies in the troubled truck industry, tripled pre-tax fourth quarter earnings on Friday, powered by a potent mix of cost cutting and tight price control. The result of 1.26 billion Swedish crowns ($147.6 million) compares with market expectations of 937 million crowns, up from 463 million crowns for the year-ago period. "We plan for a largely unchanged market in 2003, but we are aware of the ...

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