Plastic Omnium Q1 sales up, sees lower H1 profit

Newswire

(Corrects spelling of "environment" in fifth paragraph) PARIS, April 24 (Reuters) - Plastics manufacturer Plastic Omnium warned on Thursday of a significant drop in first-half net profit due to rising raw material prices and a weak dollar, overshadowing growth in its first quarter sales. However it maintained its 2008 profit margin forecast. The French company, which supplies the automobile and other industries, reported first quarter sales up 14.3 percent to 706.5 million euros and ...

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