UPDATE 3-Voestalpine sees steel demand driving profit

Newswire

* Sees more than 1 bln eur EBIT in 2011/12 * Q4 EBIT 326.6 mln euros vs 254 mln euros poll forecast * Dividend raised 60 percent to 0.80 euros a share * Shares up 3.5 pct, outpace sector (Adds annual report, news conference) By Sylvia Westall VIENNA, May 31 (Reuters) - Austrian steel group Voestalpine predicted strong earnings after Asian demand for luxury cars and orders for its products from the energy industry helped it beat full-year profit forecasts. The maker of steel ...

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