Rieter 2006 profit 14 percent up at 157.4 mln Sfr

Newswire

ZURICH, March 27 (Reuters) - Swiss textile machinery and car-parts maker Rieter posted a 14 percent rise in 2006 net profit to 157.4 million Swiss francs ($129 million) on Tuesday, saying it would propose a 15 franc dividend. Operating profit (EBIT) fell 1.3 percent to 180.6 million francs on the back of a previously reported 15 percent rise in sales to 3.580 billion francs. Rieter said it was aiming for increased sales and higher profit in 2007. Rieter said in February the second half ...

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