UPDATE 1-Michelin price hikes help profit rise 37 pct

Newswire

* H1 revenue up 5.9 pct to 10.71 bln euros * Price hikes boost sales even as volumes fall * Raw material prices, currency help outlook * Free cash flow positive, net debt rises * Sees "clear increase" in FY '12 operating income (Adds background, details) PARIS, July 27 (Reuters) - French tyre maker Michelin said first-half net profit rose 37 percent as price increases helped to offset the slump in Europe's auto ...

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