UPDATE 1-Bekaert chops dividend after H2 profit plunge

Newswire

(Adds details, background) * 2011 recurring op profit 281 mln euros vs forecast 314 mln * Cuts final dividend to 0.5 euros from 1 euro * Cautious on developed markets, China * Latin America, rest of Asia still producing growth BRUSSELS, Feb 24 (Reuters) - Belgian steel wire and cord maker Bekaert reported a sharp decline of business in the second half of last year due to a near collapse of the solar panel market and a global economic slowdown, and halved its planned final ...

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