Germany's Duerr sinks into the red in H1

Newswire

FRANKFURT, Aug 21 (Reuters) - German automotive equipment supplier Duerr AG said on Wednesday it sank into the red in its first half year, weighed down by restructuring costs at its car assembly system making unit Carl Schenk AG. Duerr posted a first half pre-tax loss of 15.6 million euros ($15.3 million), against a 12.2 million euros profit a year ago, on sales which slipped 1.2 percent to 877 million euros. "The earnings situation was strongly marked by restructuring expenses, ...

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