Renault 2012 Profit Drops 15%

Renault SA

reported a 15% drop in its net profit in 2012. Renault's net profit declined to 1.77 billion euros ($2.38 billion), versus EUR2.09 billion in 2011. Its operating profit dropped to EUR729 million from EUR1.09 million. Renault shares closed at $57.85 yesterday.