Summary Box: Fiat Industrial Q4 earns down 15 pct.

AP News
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Posted: Feb 01, 2012 11:52 AM
Summary Box: Fiat Industrial Q4 earns down 15 pct.

DOWN ON THE FARM: Fiat Industrial, the Italian maker of trucks, farm and construction vehicles, reported a 15-percent drop in fourth-quarter profits due to weak results in its agriculture and construction business.

DIFFERENCE A YEAR MAKES: Fiat Industrial SpA, which spun off from Fiat Group last year, said net profit for the quarter was euro123 million ($162 million), down from euro146 million a year earlier.

LOOKING AHEAD: The company expects net income of euro900 million on revenue of about euro25 billion in 2012.