Analysts peg Fiat first quarter operating profit at 720 mln

Net profit expected to drop 60% in first quarter

Analysts peg Fiat first quarter operating profit at 720 mln

(ANSA) – Turin, April 19 - Fiat-Chrysler will likely post operating profit of 720 million euros in the first quarter of the year, of which 640 million euros generated by the Detroit, US-based business, down from 866 million euros posted in the year-earlier period, according to the forecasts of 21 analysts. Net profit will likely have dropped to 150 million euros, compared with 379 million euros in the first quarter of 2012, according to forecasts published on the car makers website. Net debt, according to the same estimates, will likely level at around 7.1 billion euros. Fiat's board meets to approve first quarter results on April 29.

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