Sulzer H1 net slips,sees higher full-yr oper profit

Newswire

ZURICH, Aug 26 (Reuters) - First-half net profit at Sulzer AG fell to 25 million Swiss francs ($17.7 million) from 42 million in the year-ago period, the Swiss machinery and engineering group said on Tuesday. The firm, whose shares are being dropped from the blue-chip SMI index , said it expected full-year net profit to lag the 2002 result as well, despite improved operating profit on the back of higher orders and sales in local currencies. Sulzer's first-half 2002 earnings had been ...

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