UPDATE 2-Peugeot profits dip as models age, beats forecasts

Newswire

(Adds details, analyst comment) PARIS, July 27 (Reuters) - France's PSA Peugeot Citroen posted lower first-half profits on Tuesday as motorists snubbed its ageing models, but Europe's second-biggest car maker beat expectations and confirmed its full-year targets. Paris-based PSA said in a statement net profit totalled 681 million euros ($828.3 million) compared with 869 million in the year-ago period. A Reuters poll of 12 analysts had been expecting on average a net profit of 624 million ...

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