UPDATE 1-Porsche's H1 pretax profit rises, sees growth

Newswire

(Adds detail, background) FRANKFURT, Feb 28 (Reuters) - German luxury carmaker Porsche predicted a continued high level of profitability for the fiscal year to July 2005 after reporting on Monday that its finalised first-half pretax profits rose 7 percent. The Stuttgart-based company, which generates the highest margins in the industry, also stuck to its guidance of revenue growth as vehicle sales rise to at least 80,000 units. Earnings before taxes rose to 226.1 million euros ($299.7 ...

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