UPDATE 2-Continental says on track with strong H1

Newswire

(Adds analyst comment, paragraphs 6-9, 12, updates share price) By Michael Steen FRANKFURT, July 31 (Reuters) - German tyre and car parts maker Continental AG posted a better than expected second-quarter profit on Wednesday, confirming its restructuring had put it back on track and sending its stock higher. Continental, which sank into the red last year, said its first-half earnings before interest, tax and amortisation (EBITA) rose 70 percent to 347 million euros ($340 million) while ...

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