Valeo sees tougher second half after H1 net rise

Newswire

PARIS, July 29 (Reuters) - French car parts group Valeo , a leader in stop and start systems, said on Tuesday it expected operating conditions to become tougher in the second half and said it would take action to ensure 2008 profit growth. The group said its net attributable income for the first half rose to 100 million euros ($157.5 million) from 71 million on 1.8 percent lower sales of 4.914 billion. Its first-half operating margin was 4.1 percent of total operating revenues compared ...

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