MAN Q2 profit and outlook hike driven by Brazil

Newswire

FRANKFURT, July 28 (Reuters) - German truck and bus maker MAN stepped on the gas Thursday by hiking its sales outlook as robust demand in Latin America, especially Brazil, lifted second-quarter profits. "For full-year 2011, we are expecting revenue growth of 10 to 15 percent and a return on sales that slightly exceeds our average long-term target of 8.5 percent," the Munich-based company said in its quarterly report. MAN posted second-quarter operating profit of 437 million euros ($627.6 ...

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