UPDATE 2-VW Spanish unit Seat's 2004 profit rises 8 pct

Newswire

(Adds comments from news conference) BARCELONA, Feb 17 (Reuters) - Spanish car maker Seat, part of the Volkswagen group, reported an 8 percent rise in 2004 net profit to 145 million euros ($189 million) on Thursday as it produced fewer cars in Spain but with higher prices. Revenues climbed to 5.86 billion euros from 5.52 billion a year earlier. In the last 18 months Seat stopped producing several models and launched more powerful, better-equipped cars such as the second generation ...

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