UPDATE 1-Rieter net profit up, sees more gains, shares rise

Newswire

(Adds detail, shares, analyst comment) ZURICH, March 30 (Reuters) - Swiss textile machinery and car components maker Rieter on Tuesday reported a forecast-beating 38.4 percent jump in 2003 net profit and gave an upbeat outlook for the current year. The firm said net income rose to 116 million Swiss francs ($90.8 million), boosted by an improvement in financial income. Operating profit inched up to 202.4 million francs, compared with 200.9 million a year earlier, as a good performance ...

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