UPDATE 1-Saurer swings to 39.9 mln Sfr H1 net profit

Newswire

(Adds details from statement, background) ZURICH, July 28 (Reuters) - Swiss manufacturing group Saurer AG swung to a first-half net profit of 39.9 million Swiss francs ($29.62 million) from a loss of 9.6 million a year ago, it said on Monday and forecast higher full-year results. The net profit beat analysts' expectations of some 34 million, while operating profit also came in stronger than expected at 70.1 million, up from 17.0 million. First-half sales rose 13 percent despite the ...

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