UPDATE 2-Michelin price rises boost profit, confirms target

Newswire

(Adds analyst comment, CFO comment, shares) By Rebecca Harrison PARIS, July 30 (Reuters) - Michelin , Europe's biggest tyre maker, doubled its first-half earnings as price increases and fewer one-off charges offset rising rubber costs, putting it on track to meet its target of higher full-year profitability. Net profit totalled 319 million euros ($384.5 million), the French company said on Friday, compared with 157.5 million last year and just above the average forecast of 300 million ...

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