Valeo H1 operating profit up 35 pct

Newswire

PARIS, July 25 (Reuters) - French car parts supplier Valeo SA on Thursday posted a 34.8 percent rise in operating profit for the first half, when it also made net profit for the first time since 2000. Valeo's half-way operating income reached 240 million euros from 178 million a year ago, with the margin rising 1.3 percentage points to 4.6 percent. Sales fell 5.2 percent to 5.184 billion euros due to asset sales and a slowdown in parts of the car industry, the company said. Net income ...

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