UPDATE 1-Valeo back to H1 profit, pledges more

Newswire

(Adds details of results throughout) PARIS, July 25 (Reuters) - Europe's largest listed car-parts supplier Valeo on Thursday posted a 34.8 percent rise in first-half operating profit and pledged continued improvement in the second half. Valeo's first-half operating income rose to 240 million euros (dollars) from 178 million a year earlier, with the operating margin gaining 1.3 percentage points to 4.6 percent. Sales fell 5.2 percent to 5.184 billion euros due to asset sales and a ...

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