MAN Q2 profit and outlook hike driven by Brazil


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 million), up 58 percent on the year-earlier period and in line with the 428 million euro forecast in a Reuters poll. [ID:nLDE76O0UP]

(Reporting by Edward Taylor) ($1=.6963 Euro)



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