UPDATE 1-Writedown pinches Tesma profit, but sales rise

Newswire

TORONTO, Feb 20 (Reuters) - Tesma International Inc. reported a slimmer profit on Thursday as the autoparts maker posted a writedown on some of its German assets, but the company said it sees rising sales in 2003. The maker of automotive engine and transmission parts reported a profit of C$4 million ($2.7 million), or 12 Canadian cents a share, for the two-month period ended Dec. 31. This was down from a profit C$6.6 million, or 22 Canadian cents a share, for the corresponding period a ...

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