June 4, 2013 / 9:21 AM / 4 years ago

MAN warns Diesel & Turbo ops to hit profitability in 2013

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FRANKFURT, June 4 (Reuters) - German truck maker MAN warned that its return on sales would shrink significantly this year due to additional provisions and a slump in after-sales business at its Diesel & Turbo business as well as new tax risks.

Volkswagen owned MAN had already warned in April that its earnings would be hit as it set aside 140 million euros ($182.4 million) to cover possible risks related to a large order to construct turnkey diesel power plants.

It said on Tuesday it was taking additional provisions of 146 million euros in the second quarter following a final report from an auditing firm mandated to analyse the project's risks.

$1 = 0.7675 euros Reporting by Maria Sheahan; Editing by Peter Dinkloh

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