UPDATE 1-Audi 2002 pre-tax profit slips

Newswire

(Releads with pre-tax profit , adds background, detail, shares) INGOLSTADT, Germany, Feb 25 (Reuters) - The luxury Audi unit of Europe's largest carmaker Volkswagen said on Tuesday pre-tax profit slipped around five percent in 2002 as unfavourable exchange rates and high development costs took their toll. Pre-tax profit fell to 1.25 billion euros ($1.35 billion) last year from 1.32 billion in 2001, although net profit was 4.7 percent higher at a record 587 million euros. "In very ...

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