Reuters: Global Markets: Shares in Fiat fall of more than 4 percent after results

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Shares in Fiat fall of more than 4 percent after results Jan 30th 2013, 16:37 MILAN | Wed Jan 30, 2013 11:15am EST MILAN (Reuters) - Shares in Italian carmaker Fiat (FIA.MI) were briefly suspended in afternoon trade on Wednesday after a fall of more than 4 percent following the release of its fourth-quarter results. The group said on Wednesday its trading profit was 987 million euros in the last three month of 2012, a bit lower than the 1 billion euros expected by analysts. It said it would not pay any dividend on 2012 results. "In a market falling more than 3 percent, Fiat's plan not to pay a dividend is taking its toll on the shares," a Milan trader said. At 0402 GMT, Fiat shares were down 3.9 percent at 4.50 euros, while Milan blue chip index FtseMIB .FTMIB was down 3.15 percent. (Reporting by Sabina Suzzi; writing by Francesca Landini, editing by Danilo Masoni)

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