Operating profit also included a capital gain of $1.3 billion from the sale of the MTU aero engines business. Operating profit excluding these two items amounted to $6.5 billion. DaimlerChrysler therefore claims to have achieved its own goal for its ongoing business in last year's 'very difficult' market environment.
Chrysler costs hit DaimlerChrysler figures hard
05/02/2004 in Latest News
DaimlerChrysler made an operating profit of $7.2 billion last year, compared to $8.6 billion in 2002. This figure included Chrysler restructuring expenses of $591 million. Total revenues in 2003 fell by 7% to $171.9 billion, though adjusted for currency translation effects, they increased by 3%.
The DaimlerChrysler management board has proposed an unchanged 2003 dividend of €1.50 per share; total dividend distribution would accordingly amount to €1.519 billion.
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