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Daimler with 4.5 billion EUR profit for 2010

The German carmaker Daimler announced a profit of 1.05 billion for the fourth quarter of 2010, the AP transmits. For the same period last year, the company had a loss of EUR 348 billion. With a major contribution to improvements result was revenue growth, which increased by 24 per cent yoy to 24.6 billion. Aid for better sales had market in China, which is a key driver of the increase. From Daimler stated that for the whole year 2010 has achieved a profit of 4.5 billion. This is much better than loss of EUR 2.64 billion recorded for 2009. The company plans this year to distribute dividends after last year's dividend payments have been canceled. Management of the company predicted that 2011 earnings will rise by more "moderate pace", while profit before accounting for taxes would "significantly exceed" levels by 2010. With great contribution to improving the German company is the China's market, which is highly developing market and offers good abilities for all the sellers.