Piaggio H1 falls 8.2 pct to 47.3 mln euros

Newswire

MILAN, July 31 (Reuters) - Italian scooter maker Piaggio turned in net profit of 47.3 million euros ($73.88 million) in the first half of 2008, down from 51.5 million a year ago, it said in a statement on Thursday. Turnover fell 7 percent to 900.3 million euros from 968.6 million a year ago, partly hit by unfavourable exchange rates. Piaggio said it had focused on improving efficiency, given "particularly difficult international markets". (Reporting by Jo Winterbottom; editing by Sue ...

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