PSA International net profit slumps 46%
PSA International saw net profit slump 46% to S$1.04bn last year, down from S$1.9bn a year earlier as a result of lower yields, higher operating costs, impairment provisions and lower divestment gains.
Car maker PSA Peugeot Citroen said Wednesday it swung to a first-half net profit of 680 million euros from a loss of 962 million euros in the same period a year ago.