VW's Audi ups pre-tax profit, sees record 2005

Newswire

FRANKFURT, Feb 22 (Reuters) - German premium carmaker Audi AG's increased pre-tax profit last year, beating its own guidance for a stable result, and forecast another record year for 2005. Pre-tax profit at the luxury arm of Europe's largest carmaker Volkswagen rose 3.7 percent to 1.14 billion euros ($1.49 billion), the company said in a statement on Tuesday. Revenues gained 4.7 percent to 24.5 billion euros, leaving its pre-tax profit margin roughly flat at 4.7 percent. "Thanks to the ...

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