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Volkswagen sees operating profit cut in half in 2003
Wolfsburg, Germany, Oct 31: Volkswagen (VW), Europe`s biggest car maker, said today it expects operating earnings to fall by more than 50 percent in 2003.
Wolfsburg, Germany, Oct 31: Volkswagen (VW), Europe's biggest car maker, said today it expects operating earnings to fall by more than 50 percent in 2003.
"The operating profit for 2003 will probably be just under half the level of the previous year," VW said in a statement.
In 2002, the car maker booked operating profit of 4.76 billion Euros.
VW had previously said it expected to see a sharp fall in full-year earnings. Bureau Report
In 2002, the car maker booked operating profit of 4.76 billion Euros.
VW had previously said it expected to see a sharp fall in full-year earnings. Bureau Report