Sulzer H1 core EBITA up 7 pct


ZURICH, Aug 27 (Reuters) - Swiss industrial engineering group Sulzer said on Tuesday first-half net profit fell to 42 million Swiss franc ($27.7 million) reflecting the absence of one-off divestment gains which had boosted 2001 earnings.

Net profit had been 120 million francs in the 2001 half. Core earnings before interest, taxes and amortisation (EBITA) from continuing businesses -- stripping out such gains from the sale of non-core businesses -- rose to 57 million francs from 53 million, Sulzer said, forecasting a stronger second half and further gains from real estate sales.

Financial analysts had expected net profit to drop to 26-33 million francs, while EBITA profit was seen stable in a range of 55-61 million.



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