Recordati H1 net rises 18 pct on higher sales

MILAN, July 29 Tue Jul 29, 2014 6:54am EDT

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MILAN, July 29 (Reuters) - Italian pharmaceutical company Recordati posted an 18 percent rise in first-half net profit to 83 million euros ($111.5 million) boosted by rising sales.

The Milan-based company said revenues rose 6 percent to 507.6 million euros.

Net debt stood at 211 million euros down from 229 million euros at the end of March.

($1 = 0.7443 Euros) (Reporting by Valentina Za)