Business Recorder - World - Europe https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Fri, 14 Aug 2026 04:09:32 +0500 Fri, 14 Aug 2026 04:09:32 +0500 60 PSA returns to FY net profit, beats target https://www.brecorder.com/news/2400/psa-returns-to-fy-net-profit-beats-target <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/carmaker.jpg" width="400" height="384" />PARIS: French carmaker PSA Peugeot Citroen on Wednesday posted a full-year net income of 1.134 billion euros ($1.55 billion), versus a previous year loss of 1.161 billion euros.</p> <p class="MsoPlainText">The carmaker said full year recurring operating income reached 1.796 billion euros, beating the target of over 1.5 billion euros it had previously set.</p> <p class="MsoPlainText">Recurring operating income for its automotive division reached 621 million euros, compared with a 1.257 billion euro loss the previous year.</p> <p class="MsoPlainText">It said it was targeting an improvement in automotive recurring operating income in 2011, and positive free cash flow for the group.</p> <p class="MsoPlainText">The company said it would enter the Indian market with commercial and industrial operations.</p> <p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> PARIS: French carmaker PSA Peugeot Citroen on Wednesday posted a full-year net income of 1.134 billion euros ($1.55 billion), versus a previous year loss of 1.161 billion euros.

The carmaker said full year recurring operating income reached 1.796 billion euros, beating the target of over 1.5 billion euros it had previously set.

Recurring operating income for its automotive division reached 621 million euros, compared with a 1.257 billion euro loss the previous year.

It said it was targeting an improvement in automotive recurring operating income in 2011, and positive free cash flow for the group.

The company said it would enter the Indian market with commercial and industrial operations.

Copyright Reuters, 2011

]]> World https://www.brecorder.com/news/2400 Wed, 09 Feb 2011 14:52:59 +0500 none@none.com (Imad Uddin)