MAN AG's Q2 oper profit up 54 pct, hikes targets


MUNICH, July 31 (Reuters) - German industrial group MAN raised its full-year forecasts after reporting on Tuesday second-quarter operating profit jumped by 54 percent, beating expectations. Operating profit rose to 403 million euros ($551 million), surpassing an average estimate 380 million euros from a Reuters poll of 15 analysts. It said it now expects its operating margin to be "just above" 10.0 percent in 2006, after previously forecasting 9.6 percent. To read a detailed Reuters ...

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