UPDATE 1-Oerlikon Q1 operating profit up on textile sales

Newswire

(Adds background, details) ZURICH, April 24 (Reuters) - Swiss technology group Oerlikon said on Tuesday first-quarter operating profit rose 13 percent to 93 million Swiss francs ($76.92 million), boosted by a strong performance in its recently bought Saurer Textile unit. "These figures mean we have confirmed the goal for the 2007 fiscal year of reaching sales of 5 billion francs, with earnings before interest and tax of 500 million francs," said Georg Stumpf, chairman of the board of ...

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