Daimler returns to profit in 2010

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The German luxury car maker Daimler said Wednesday that it made a net profit of 4.7 billion euros ($6.3 billion) in 2010, turning around its 2009 loss of 2.6 billion euros.

Daimler said it turned its 2009 fourth quarter loss of 352 million euros into a 1.1 billion euro profit in the last three months of 2010 and would propose a dividend of 1.85 euros per share.

© 2011 AFP

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