UPDATE 3-High rubber prices puncture Michelin profits


(Adds details from news conference, comment, updates shares) By Rebecca Harrison PARIS, Feb 24 (Reuters) - Europe's biggest tyremaker Michelin unveiled a slide in 2003 profits on Tuesday due to ballooning rubber costs, a strong euro and a one-off takeover charge, and predicted a rocky road ahead. Net income fell to 318 million euros ($399.2 million) from 581 million due to a hefty goodwill charge linked to its purchase of tyre retailer Viborg, while operating profit fell 6.7 percent to ...

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