Daimler Q4 Net Income Up 84%, Despite Weaknesses

20 February 2006

    SINDELFINGEN - The world's fourth largest carmaker reported weak underlying fourth-quarter results from its Chrysler and Mercedes auto businesses, even as the German-American company recorded an 84% rise in net income because of higher financial-services profit and the sale of some property.
    Net income in the final three months of 2005 rose to €966 million ($1.15bn; £660.9m) ($1.15 billion) from €526m a year earlier. Fourth-quarter revenue increased 10% to €41.45bn. For the year, net income rose 15% to €2.85bn.