UPDATE 1-Valeo profit up on lower financing costs

Newswire

(adds details) PARIS, July 24 (Reuters) - French car parts maker Valeo on Thursday posted a higher first-half profit thanks to lower debt-servicing costs and a significant tax reimbursement. Europe's largest listed car supplier said profit after one-off items rose to 102 million euros, compared with 68 million euros in the year-earlier first half. But operating profit in the first half was nearly flat at 241 million euros versus 240 million, on sales of 4.85 billion euros. Sales fell ...

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