UPDATE 2-Premium car demand drives GKN profit

Newswire

* 2011 profit 417 mln stg vs 412 mln forecast * Total dividend up 20 pct to 6 pence/share * Shares down 3 pct (Adds CEO, analyst comment, shares, details) By Rhys Jones LONDON, FEB 28 (Reuters) - Car and plane parts maker GKN said a strong performance from its autos business was behind a 15 percent rise in 2011 profit, as sales of luxury cars rose and demand in China remained strong. GKN on Tuesday reported pretax profit of 417 million pounds ($660.57 million) on revenue 13 percent higher ...

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