UPDATE 1-Michelin 2003 net profit falls on Viborg charge

Newswire

(Adds details) PARIS, Feb 24 (Reuters) - French tyre maker Michelin on Tuesday posted a fall in 2003 net profit due to a strong euro, high raw material costs and a hefty one-off charge linked to its purchase of tyre distributor Viborg. But the firm beat analysts' forecasts as it cut its pension and healthcare costs in the United States and Japan, for which it booked a one-off gain of 282 million euros. Michelin said net income fell to 318 million euros ($399.2 million) from 581 million ...

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