Renault lifts core profit despite Europe slump

Newswire

PARIS, July 26 (Reuters) - French carmaker Renault said on Friday it had increased first-half profitability at its core manufacturing division despite falling sales, riding out Europe's sustained market slump with new models and a firm hand on costs. While the bottom line was weakened by lost business in sanctions-hit Iran, incurring a 512 million euro ($678 million) charge, operating profit before one-off expenses rose 15 percent to 583 million. Revenue fell 0.9 percent to ...

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