Rieter H1 net falls 39 pct, orders rise

Newswire

ZURICH, Aug 23 (Reuters) - Swiss textile machinery and car components maker Rieter said on Friday first-half net profit fell 39 percent to 40.5 million Swiss francs ($26.96 million), but new orders rose two percent to 1.60 billion. The company reiterated in a statement it expected that full-year 2002 sales and operating profit would not quite match 2001's levels. But the firm added sales in the second half should rise from the first-half level of 1.44 billion, which was down 11 percent ...

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