Paccar posts a profit despite falling revenues

Bellevue-based Paccar, a maker of heavy trucks, has reported a profit of nearly $112 million for 2009.

The company sold $7.1 billion in trucks last year, down almost half from 2008, when it posted a profit of $1.02 billion.

Paccar has said it expects a slight increase in demand in North America, but little in Europe.