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Business

Puma Doubles Profits

German sporting apparel- and equipment-maker Puma on Friday released preliminary earnings for 2002, doubling its profit over the previous year. Revenues for the Herzogenaurach-based firm increased by 52 percent to €909.8 million ($983.3 million), with a profit of €84.9 million. Puma said it is considering an 83 percent increase to its dividends to 55 euro cent per share.