Rheinmetall profit up 20 pct on auto, defence sales

Newswire

FRANKFURT, Aug 18 (Reuters) - German defence, electronics and automotive group Rheinmetall AG said on Monday its operating profit had jumped 20 percent in the first half and said its earnings this year would be higher than last. Rheinmetall, which makes the Leopard battle tank as well as mine clearing equipment and drones, said earnings before interest and tax (EBIT) rose to 59 million euros ($66 million) due largely to stronger business at its auto and defence units. Revenues slipped ...

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