UPDATE 2-GKN eyes aerospace recovery as Q1 profit rises

Newswire

* Q1 pretax profit 71 mln stg vs 28 mln stg loss * Q1 sales up 22 pct to 1.3 bln stg * Cuts pension funding liabilities by 80 mln stg * Shares 2 pct down on raw material cost worries (Recasts, adds analyst comment, shares, details) By Rhys Jones LONDON, April 27 (Reuters) - British airplane parts maker GKN said the aerospace supply sector was improving after it swung to a first quarter profit, shrugging off falls in global passenger demand which dented orders in 2009. GKN, ...

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