UPDATE 2-Porsche disappoints as sportscar sales slide

Newswire

(Adds analyst comment, share price) By Nick Tattersall FRANKFURT, Jan 23 (Reuters) - German carmaker Porsche AG said on Friday its first-half pre-tax profit rose 11 percent as its Cayenne off-roader boosted sales, but a sharp fall in demand for its sportscars hammered its stock. The world's most profitable car firm said pre-tax profit in the first half of its 2003/2004 fiscal year rose to 207 million euros ($263 million) and repeated it expected revenues and earnings to rise in the ...

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