Michelin H1 net falls 31 percent

Newswire

PARIS, July 30 (Reuters) - French tyre maker Michelin said on Tuesday that net profit fell 31 percent in the first half of the year, due to an exceptional gain which boosted last year's bottom line, and raised its margin target for the full-year. Europe's largest tyre manufacturer said net profit fell to 254.1 million euros in the six month period, while operating profit pushed up 16 percent to 569.6 million euros. The figures were better than a consensus forecast for net profit of 216 ...

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