UPDATE 1-Pirelli's posts strong H1, raises forecasts

Newswire

* H1 EBIT rises 63 pct to 193.4 mln eur, beats consensus * H1 net loss 175.6 mln eur; hit by real estate spin-off * Ups FY sales tgt to 4.8-4.9 bln eur, EBIT margin to 7 pct * Shares up 0.7 percent, in line with sector (Adds details, background, shares) MILAN, July 29 (Reuters) - Italy's Pirelli & C SpA , Europe's third-largest tyre company, raised its full-year sales and operating margin forecasts after beating expectations for its first half on Thursday. Its net result, ...

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