Australia's Futuris sees steady half-yr profit

Newswire

SYDNEY, Oct 23 (Reuters) - Australian farm services and automotive parts company Futuris Corp Ltd said on Thursday it expects its underlying profit in the first half of this year to be in line with the same period a year earlier. The bottom line would be affected by a previously announced A$41 million ($29 million) provision against a potential drop in the carrying value of some assets, it said. Futuris was down 2.1 percent to A$1.42 at 3:29 p.m. (0529 GMT) in a broader market down about ...

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