UPDATE 1-Valeo hikes FY margin target; H1 sales soar

Newswire

* H1 net profit 168 mln eur vs 213 mln eur net loss in H1 09 * H1 sales rise 38 pct to 4.787 bln euros * Hikes FY operating margin forecast to over 5 pct of sales * Valeo shares closed 1.13 pct higher before results (Adds details from statement) PARIS, July 27 (Reuters) - French car parts maker Valeo on Tuesday hiked its full-year operating margin target and its forecasts for automobile production in major markets after it posted a 38 percent increase in half-year sales. ...

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