UPDATE 1-Skoda's profit nearly doubles, to expand production

Newswire

(Add quotes, details on unit sales) MLADA BOLESLAV, Czech Republic, Feb 24 (Reuters) - Car maker Skoda Auto, a unit of Volkswagen AG , nearly doubled its pretax profit in 2004 and said on Thursday it plans to expand its production base in the near future. The largest Czech company by turnover said pretax profit jumped to 4.82 billion crowns ($213.1 million) from 2.52 billion in 2003, while sales rose to 153.55 billion crowns from 145.20 billion. Skoda added that net profit rose to ...

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