UPDATE 1-Michelin swings into profit, sees strong tyre sales


* H1 net profit 503 mln eur, reversing 119 mln eur H109 loss * H1 net sales rise 17 pct to 8.35 billion euros * H1 operating margin 9.8 pct, record level * Sees FY oper margin close to 9 pct before non-recurring (Adds details from statement) PARIS, July 29 (Reuters) - French tyre maker Michelin said on Friday it was aiming for an operating margin close to 9 percent in 2010 as the rebound in tyre markets helped it post a record first-half operating margin. Car markets that slumped ...

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