UPDATE 1-Renault first half profit margin beats forecasts

Newswire

(Adds details, quotes) BOULOGNE-BILLANCOURT, France, July 25 (Reuters) - French carmaker Renault posted a first-half operating profit margin of 3.5 percent, beating an average Reuters consensus forecast of 3 percent, and confirmed its target for the year. Renault is forecasting a 3.0 percent margin for 2007, putting it on track to meet the Commitment 2009 target of 6.0 percent drawn up by Chief Executive Carlos Ghosn. The margin in the first half of 2006 was 2.8 percent and the second ...

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