UPDATE 1-Brilliance China profit dips on sedan start-up

Newswire

(Adds detail) HONG KONG, April 28 (Reuters) - Chinese car and minivan maker Brilliance China Automotive Holdings posted a 28-percent drop in 2002 net profit on Monday as start-up losses from its entry into the sedan market ate into earnings. The company, which recently struck a joint venture deal with BMW to produce the German firm's luxury cars in China, reported net profit of 651 million yuan (US$78.6 million), slightly beating the average forecast of 634.68 million yuan from 20 ...

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