Valeo sees flat 2012 profit as expands in Asia

Newswire

PARIS, July 26 (Reuters) - French car parts maker Valeo said first-half operating profit rose 7.2 percent as it expanded in Asia and shrugged off a declining auto market in Europe. Earnings reached 370 million euros ($455.1 million), or 6.2 percent of sales, Valeo said in a statement on Thursday. The group had record order intake of 8 billion euros in the period, with sales up 12.5 percent to 6 billion. Based on estimated growth of 5-6 percent in ...

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