UPDATE 1-Porsche says profit over 1 bln eur for first time

Newswire

(Adds company comment, detail.) FRANKFURT, Sept 22 (Reuters) - German luxury carmaker Porsche had record pretax profit of over 1 billion euros ($1.22 billion) for the fiscal year ended July 31 after beating unit sales and revenue targets, it said on Wednesday. "Porsche is markedly confident for the current financial year 2004/05, notwithstanding economic imponderabilities," the company said. The Stuttgart-based company boosted revenues by 13.9 percent to 6.35 billion euros after ...

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